@hitchcock - your matter is different.

In your case you need to register for Managed Payments. There are numerous threads on the matter on the boards, although I do agree with you that I would have concerns about giving my banking password. There is a way around it (as far as I remember). I think you have to choose "Other" as your bank. I'm not 100% sure as I didn't have to do that step.

The OP's issue is that he is permanently suspended. We originally thought it was an issue with Managed Payments, but appears not to be.