Disadvantages of social security card as salary card

Legal analysis: Social security card actually contains the function of financial account, which is exactly the same as ordinary bank card. It is a first-class bank account, which is the so-called full financial account, so it is no problem for us to use the bank card in this social security card. Just like ordinary bank cards, we can go to the bank to deposit money or withdraw money.

1. Benefits: This financial account in the social security card has another advantage, that is, it is completely free of small management fees and free of charge. So for us to use this bank card, there is basically no cost, so there are still great benefits, because we all know ordinary bank cards, so we need to charge a small management fee and annual fee. These two expenses may cost tens of dollars a year, but social security cards may also cost tens of dollars.

2. Disadvantages: Social security cards include personal medical insurance accounts and financial accounts. If the social security card financial account is used as a salary card, it needs to be opened and activated in the social security financial account bank, and the cardholder can deposit and withdraw money, transfer money and spend money. , but does not have the overdraft credit function. In addition, the social security card as a salary card still has some disadvantages, because different employers may have requirements for the issuing bank of the salary card, and the opening bank of the social security card cannot be changed at will, so some units may not support the social security card as a salary card.

Legal basis: Article 64 of People's Republic of China (PRC) Social Insurance Law includes basic endowment insurance fund, basic medical insurance fund, industrial injury insurance fund, unemployment insurance fund and maternity insurance fund. In addition to the basic medical insurance fund and maternity insurance fund combined accounting, other social insurance funds are accounted for separately according to social insurance types. Social insurance funds implement a unified accounting system throughout the country.

The social insurance fund is earmarked for special purposes, and no organization or individual may occupy or misappropriate it. The basic old-age insurance fund will gradually implement national overall planning, and other social insurance funds will gradually implement provincial overall planning. The specific time and steps shall be stipulated by the State Council.