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Bank Account - I have created 2 bank accounts and only one can be designated as a "bank account".

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When you have created this bank account, you have not selected the option 'Bank Account'  in Info>Assets

 

After, this account was selected as a default account for an automatic function. After this action, the account cannot be changed anymore unless it is not designated anymore as a default account for any automatic function 
Any account having been chosen as a default account for an automatic function can't be modified afterward unless it is removed from the default accounts first (you may choose it again after as a default account if needed)

 

To correct the situation (example based on a bank account designated as the default account for Direct Payments) :

You must unselect this account as a default account using the menu Info>Association, tab ''Direct Payments''

 

After, use the menu Info>Assets and click on the option "Bank Account" and key all required information in

 

Then, return to the menu Info>Association, tab ''Direct Payments'' and select that account as the default account again