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The video tutorial demonstrates how to set up a bank, create a bank account, and input bank transaction codes. In the Payables Vision Operations Responsibility, navigate to the bank windows by selecting set up payment Bank and Bank branches. Click on the banks link, then create a new bank (e.g. "Alpha Bank of America"). Add basic information, click next to enter bank address and contacts, and click finish. To create a branch, search for the bank name (e.g. Bank of America) and create a new branch with the same basic information.