Hmm. I think we are talking past each other. There isn’t a need for fraud protection because people can’t get access to your bank account. Bank accounts where I am aren’t like they are in the US.

Every time I login I have to verify my identity (or use faceid on my phone). The bank account is basically unhackable without my physical presence.

Thus using something like ideal, there’s no need for fraud protection because it makes damn sure it’s you and asks like 4 times that you are sure.

Yes, we're talking past each other. What credit card fraud protection means is that if you purchased something and didn't receive your product, or didn't receive the product as specified, you will get your money back from the credit card company. If you purchase something with a bank transfer and you didn't receive the product you can call the bank, but they won't give you your money back. With credit cards you have some protection against being scammed.

Ah. That makes sense. Yeah, bank transfers aren’t really protected from that use case. Usually you just contact the merchant and have them refund you. I’ve never used a chargeback.