Bankers draft for that then! In the UK the maximum electronic transfer in a day is 10k, so not enough to buy a house. The problem with electronic transfers is the possibility of mistakes, with a cheque it is the responsibility of the person receiving it to check the details are correct. With an electronic transfer, if it is sent to the wrong place, tuff the money is gone. I use direct debts for bill, electronic transfers from between my own accounts, however give cheques or cash for Ad Hoc payments not to be repeated.