> Sincere question about cheques: How do people in the UK (or other cheque-less places) deal with the transfer of large amounts of money between private or near

> Sincere question about cheques: How do people in the UK (or other cheque-less places) deal with the transfer of large amounts of money between private or nearly private parties? > I own a small business [...] woodworking field. In Hungary it depends on whether the businesses are trying to evade taxes or not. If yes, cash is king. If no, then just transfer money to a bank account (I guess this is the same as "direct deposit"). All banks have online banking for this purpose. > [...] setting up direct deposit [...] There is nothing to set up for a one-off transaction. You log in to the online banking site or use the bank's app. Fill in the recipient's name, account number and amount, confirm with SMS code and it's done. But it's equally easy to set up a recurring transaction online for every week/month/whatever.