[_rknLA]

It is dramatically easier to send someone a bank transfer in Europe (and I'd imagine, the rest of the world) than it is in the US. All you need is the recipient's IBAN (and sometimes BIC, which is usually already in the IBAN), and boom, you can initiate a transfer from your bank to theirs, for free. It blows my mind that banks in the US still haven't figure out how to do this.

[true_religion]

Do you really just need one number to initiate transfers in Europe?

US banks do have IBANs, but you still need an account number in order to finish up the process.

[nik736]

In my online banking account I type in a name, the IBAN, the amount and optionally a description. That's it.

[louisswiss]

It blows my mind that you think it's a matter of "can't" over "don't want to"...