Yes, but that's the point. For instance here in Canada we have Interac eTransfer which is supported by every bank. You go on your bank's app or website and you

Yes, but that's the point. For instance here in Canada we have Interac eTransfer which is supported by every bank. You go on your bank's app or website and you enter the email of the person you want to send money to and how much and a little password type thing and that's it. I don't need to know my friends bank info just their email. On the receiver side you just get an email and then you can pick what bank you want to deposit it in and log in as normal. And every bank has it for free these days (some used to have a $1 fee).