Can I deposit and withdraw money with my social security card?

Social security card can deposit and withdraw money, as follows:

1, social security cards generally have three accounts, namely social security inquiry account, medical insurance account and financial account. Cardholders can bring their ID cards and social security cards to the social security card cooperative bank outlets to activate social security card financial accounts. Once activated successfully, the social security card will become a bank debit card, which can be used for deposit, withdrawal and transfer.

2. After activating the financial account and setting the password, the user can deposit the money into the financial account. At this time, the function of social security card is the same as that of ordinary bank card, and you can withdraw money from the ATM. The money in the social security account cannot be taken out with the social security card.

Legal basis: Article 63 of People's Republic of China (PRC) Social Insurance Law.

If the employer fails to pay social insurance premiums in full and on time, the social insurance premium collection agency shall order it to pay or make up within a time limit.

If the employer fails to pay or repay the social insurance premium within the time limit, the social insurance premium collection agency may inquire about its deposit account in banks and other financial institutions; And can apply to the relevant administrative departments at or above the county level to make a decision on the allocation of social insurance premiums, and notify their bank or other financial institutions in writing to allocate social insurance premiums. If the balance of the employer's account is less than the social insurance premium that should be paid, the social insurance premium collection agency may require the employer to provide guarantee and sign a deferred payment agreement.

If the employer fails to pay the social insurance premium in full and fails to provide guarantee, the social insurance premium collection agency may apply to the people's court for sealing up, distraining and auctioning the property whose value is equivalent to the social insurance premium that should be paid, so as to offset the social insurance premium with the proceeds from the auction.