Restrict access to menu items by privilege

I am trying to restrict access to certain menu items by using the AOT's roles, duties and privileges.

I have created a new role with a new duty with a new privilege. The privilege contains an Entry Point that specifies the menuitemdisplay as BankAccountTableListPage with NoAccess:

However, a user given this role is NOT restricted from seeing the menu item:

What am I doing wrong?

In case this is the wrong way to approach things should I just install the Security Development Tool?