I'm curious as to what the alternative to BACS is in the US (and in other countries too, but the States particularly). Are there free and simple bank transfers there?
In Denmark you simply go to the bank, or log onto your netbank, and transfer money into another account. All you need is the account number. Couldn't be simpler. Isn't that standard practice in the US?
It is the same in the US. It is called an electronic transfer. You just need the account number and routing code for the bank.