My new workplace with a modeling agency had me sign up for a new bank/ credit union and want my account number and account pin to verify that a payment goes through once they send it, so they can monitor that it goes successfully. Then they said after that I can change it. It seems legitimate but I’m not sure what to do. Thoughts please
This is a scam.
I'd do a little research on that bank/credit union, too. Directing you to a specific bank seems fishy.
To do ACH payments, your employer needs the bank's ROUTING number, and your account number. No one EVER needs your PIN. PIN sands for PERSONAL identification number. Keep it personal.
Personally, I would not agree to do so. I do not work in the modeling industry, but this request is definitely not normal in any industry I'm familiar with. I would propose that I verify the payment for them instead of giving them access to a bank account in my name.
Edit: To be completely clear, I would have no problems with giving them the account number.
Never give your pin to anyone.
Ring the bank and check, they will tell you the same, in fact you can lose any protection the bank offers if they discover you gave the pin out.
For some who don't seem to get it:
Ring any bank you like and ask them if you should, or should not, divulge your PIN... Any bank will tell you no, try Bank of America, JPMorgan Chase, Wells Fargo, Barclays, Lloyds or UBS - any of the well-known banks.
Get the agency to make a payment and you confirm it works later that day or the next.
As others have said, it is a scam.
I was meeting the bank yesterday - advisor had full access to my accounts as they should, but did not ask for my pin...
Also, you can give them the IBAN number which most banks use now and that works for them sending you money. At least the banks in the UK and Switzerland use the IBAN...
As everyone else is already saying, this is almost guaranteed to be a scam, but I wanted to highlight that modelling agency scams can go way beyond stealing your money. Fake modelling agencies can be fronts for human trafficking, and you should be very careful.
While suspicious on its own, they are in general correct that you can simply change the PIN afterwards (though if they asked you to use a specific bank/credit union, they may know a "security question back door" to recover the account with an old PIN).
The more dangerous side of this comes in when you consider that scammers want to be blatantly obvious that they are scamming you, because they want only the most gullible people to self-select by following through. This suspicious bank activity could be the net they use to filter out easy marks, and then follow up with "this great modelling contract in [another country], you just need to give me your passport so I can buy your plane tickets and [perform dubious action] to get you set up!".
I can sit here and try to think about if it's a scam or not. A lot of other answers have suggested it's a scam. But they miss the mark, because at the end of the day, it doesn't actually matter if it's a scam or not.
There are certain things you should never do, regardless of the situation. Giving someone your PIN is one of them. It doesn't matter if it's "legitimate or" not.
They may be able to convince you 100% that it's not a scam. Well done to them. You must NOT give them your PIN.
Let's say you trust everything they are saying, and it all checks out, you get verification from the queen, and everyone in the world says it's not a scam. You must NOT give them your PIN.
Let's say you know, somehow, it isn't a scam. You know absolutely and without a shadow of a doubt. You must NOT give them your PIN.
Don't get tripped up on a game where they have to prove their good intentions. You have to form the mindset that there is no scenario where they are getting your PIN. It's that simple.
100% agreed that if they transfer money to your account, they'd know that they did through their bank. It's sort of like if you write a check for a bill, you'd know they cashed it because you'll see it on your account. You wouldn't need their account or pin number to do so.
This sounds 100% like a scam. Models are particular targets because they're looking for odd jobs to break into the industry and build a portfolio. So my advice is to simply forget about this job and walk away. If you already shot photographs, keep in mind it's very easy to set up a fake studio at some abandoned building. Verify the agency is real and the person actually works there. Ask for cash but if they insist on you giving them your account number and pin, do not do it.
Edit: Not even the bank would even know your pin number. They'd have no way to get your pin number. That's how secured it is. Your pin number is encrypted and salted at your bank and on your card if you have the little chip in it. So it's very secure, very personal. You should never give it out.
Edit: This is 100% a scam. The scam involves seemingly valid work and they give you a paycheck. You deposit this paycheck that appears to be from a legit company. They ask you provide them an account # and pin to track and you deposit. Most banks make paychecks have some amount available right away until it clears for good standing accounts. Typically $200 or so for a US bank. What these scams do is they withdraw that $200 area (or more if you have money in your account for withdraw) and eventually your check will bounce and you owe the bank that $200 for having withdrawn (since you can't prove you didn't until you make a police report). You'll also be out of whatever over that $200 dollars, possibly never recovering it.
There's absolutely no reason to give anyone your PIN. However, even with your PIN, they'd still need your debit card number, expiration date, and CVC. Then they'd need to encode that onto a card to withdraw money from an ATM. (Your bank account # isn't the same as your debit card #)
Are you sure they're not asking you for your routing number and account number? They can't do DD w/o knowing the routing number
It's possible this is a scam, but even w/ their bank account # and PIN they wouldn't be able to do anything w/o swiping your debit card as well.
edit: it's also possible they're referring to the telephone customer service PIN (which some banks have as an extra security measure to verify your identity. these are (to my knowledge/in my experience) totally separate from your ATM / debit PIN).