Bank transfers (at least in EU) do come with some reasonable consumer protections; it's not to the extent that a chargeback provides in disputes with the merch

Bank transfers (at least in EU) do come with some reasonable consumer protections; it's not to the extent that a chargeback provides in disputes with the merchant (receiver-initiated transfers e.g. direct debit transfers do have similar or even more extensive protections) but it does come with some protections against fraud, e.g. if your credentials were stolen and misused to make payments that you did not authorize, then you would be able to recover your money, unlike cryptocurrencies.