Can a social security card be used to withdraw money from an ATM?

The social security card does have the ability to perform related financial operations at ATMs. First of all, it doubles as a medical insurance card. When you pay for your medical insurance, that portion is consolidated into your social security card and used for direct payment during hospital visits. If you are a participant of urban workers' social security, the balance of the individual medical insurance part can be used directly on the social security card.

Secondly, the social security card is also a tool for pension collection. When reaching the legal retirement age, as long as the social security payment for 15 years, the pension will be directly deposited into the social security card, which can then be withdrawn through the social security card's ATM machine, convenient for daily use.

What's more, the social security card serves as an extension of a bank card with local banks, such as the Agricultural Bank of China and China Postal Savings Bank. On the social security card, you can see the logo of the partner bank as well as the bank card number, which allows you to make deposits, get demand interest, buy wealth management and other financial activities. At the same time, the funds in the social security card can be transferred, including depositing and withdrawing, and it is very convenient to view and operate the fund balance of the social security card bank account and carry out withdrawal operations by simply entering the password at the ATM machine.

Overall, the social security card not only meets medical payments, but also serves as a pension receiving tool and a savings and investment tool, greatly facilitating the financial life of cardholders. Simply insert it into an ATM machine and a series of financial transactions can be performed without additional complicated steps.