How to cancel the automatic deduction of social security when a bank signs a contract

The method of canceling the automatic deduction of social security after signing a bank contract is as follows:

1. Download the APP that logs in to the bank, find the fast payment settings in the security center, select the third-party withholding service that needs to be cancelled, and click the Close button;

2. Go directly to the bank counter, bring my ID card and bank card, and the counter staff will cancel the withholding service after verifying their identity.

Social security payment method:

1. Withholding and remitting by the company, the company deducts the corresponding social security fees from the employees' salaries, and the company uniformly pays them to the social security institutions;

2. Individual voluntary contributions are suitable for flexible employees or freelancers, and they can go to social security institutions or pay through online social security systems;

3. Through the bank remittance service, individuals can open the automatic deduction service of social security fees in the bank, and the bank directly deducts social security fees from their personal accounts and pays them to social security institutions on a monthly basis.

4. Use a third-party payment platform to pay social insurance premiums.

5. Pay through the post office. Some areas support paying social security fees through the post office, especially for groups that are inconvenient to use electronic payment or online services.

To sum up, there are ways for banks to cancel the automatic deduction of social security: close the third-party withholding service in fast payment through the bank APP, or go to the bank counter with my ID card and bank card, and the staff will assist in completing the formalities of canceling the withholding service.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 11

The basic old-age insurance combines social pooling with individual accounts. The basic old-age insurance fund consists of employers, individual contributions and government subsidies.