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The video tutorial covers setting up a bank and bank account payment documents, as well as bank transaction codes from the payables vision operations responsibility. To do this, navigate to the bank windows by going to set up payment Bank and Bank branches. Click on the banks link, then create a new bank with basic information such as country and bank name, for example, "Alpha Bank of America." Next, enter bank address and contacts or simply click finish. To create a branch, search for the bank name, and if it doesn't exist, create one by entering the country, bank name, and clicking on confirm.