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Drake Software User’s ManualPreparing to Offer Bank ProductsPreparing to Offer Bank ProductsDrake ApplicationBank Setup and AccessTo offer bank products, you must set up your system with both Drake and the bank.Your firm must also submit an online bank application to Drake each year. This applicationis separate from the application discussed in “RAL Application” on page 203.To offer bank products with Drake, firms must submit applications to Drake annually.To complete and submit a bank application:1. From the Home window, click Support.2. Enter your EFIN and password.3. Select to My Account > Bank Application.4. Select to create a new application (new TY2008), or to carry prior-year data forward(old TY2007) and click Go to Main Bank App Page.5. Select a bank from the New Bank list, if necessary, and add any Collection Sites,Service Bureaus, and Sub-Offices.6. Click Edit App for Main EFIN.7. Complete the application. (Yellow fields are for required information.)8. Click Proceed to Confirmation. You can now view or print the application asdesired. If necessary, go back to make changes.9. Select the Confirmation Box, then click Submit Application.Once you have submitted the application, contact the bank to order check stock andcomplete any additional agreements.Once you have selected a bank, activate the bank in Drake data entry so the bankinformation is accessible from the General tab. To activate a bank in data entry:1. From the Home window, select Setup > Firm(s).2. Double-click the firm (or select a row and click Edit Firm).Figure 8-3: Bank selection drop list in Setup > Firm(s)Tax Year 2008 207