The best replacement for bank transfer is wire transfer.

The best alternatives to bank transfer are rated as following:
★★★★★  wire transfer
★★★★★  western union
★★★  paypal
★★★  bacs
★★  direct deposit
★★  ach
★★  bankers draft
★★  direct debit
★  bank draft
★  telegraphic transfer
★  paypal safer
★  payroll check
★  cheque
  money transfer
  western union cheaper

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Google Trends

Scale is based on the average worldwide traffic of bank transfer in all years. Click on graph for more.
bank transfer
wire transfer
western union