What is the money for clearing the social security card?

Legal analysis: Generally, the money in the social security card will not be cleared at will, but by the end of the year, there will be a carry-over process. After the carry-over, the money in your personal account is still personal money. Just indicate the information carried over from the previous year in the social security system.

Social security cards have two functions, one is social security and the other is finance. Both social security function and financial function have an activation process. The activation of the so-called social security function is actually setting a personal password. The initial activation can be done at the ATM of the bank, or you can buy medicine at the pharmacy. For the activation of financial functions, it can only be activated manually in the bank lobby. After the financial function of the social security card is activated, it is a bank card on which you can deposit and withdraw money, which is no different from other bank cards. However, the money on the bank card is basically saved by individuals, and now the funds related to social security benefits are also required to be transferred to the social security card, such as pensions for retirees, unemployment insurance benefits, maternity insurance and maternity allowance. However, once the money is transferred to the bank account of the social security card, it will always be your own money. Neither the social security bureau nor the bank can clear it. Like other bank accounts, funds can only be used by personal transfer or cash withdrawal.

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

Article 4 Employers and individuals who pay social insurance premiums according to law in People's Republic of China (PRC) have the right to inquire about payment records and personal rights and interests records, and ask social insurance agencies to provide social insurance consultation and other related services. Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.

Seventy-fourth social insurance agencies through business handling, statistics, investigation and other means to obtain the data needed for social insurance work, the relevant units and individuals should provide timely and truthful.

The social insurance agency shall establish a file for the employer in a timely manner, completely and accurately record the social insurance data such as personnel's participation in social insurance and payment, and properly keep the original vouchers for registration and declaration and accounting vouchers for payment and settlement.

The social insurance agency shall timely, completely and accurately record the individual's personal rights and interests such as social insurance payment, employer's payment and social insurance benefits, and regularly send the personal rights and interests records to me free of charge.

Employers and individuals can inquire and check the records of payment and social insurance benefits from social insurance agencies free of charge, and ask social insurance agencies to provide social insurance consultation and other related services.