What does the social security card with financial function mean?

The social security card with financial function refers to activating the financial account on the social security card. There is a financial account on the social security card. After activating the financial account, you can withdraw cash and transfer money. At present, most social security cards in China have financial functions. This social security card has two accounts, a social security account and a financial account. The function of social security account is social security, such as hospitalization registration and medical insurance expense reimbursement. A financial account is equivalent to a bank card account. The card face of the social security card is printed with not only the social security card number, but also the name of the card issuer and the bank card number, which means that our social security card is not only a social security card, but also a bank card.

The social security card financial account belongs to the savings card account, and the cardholder can use the social security card financial account for deposit and withdrawal, transfer, consumption and other operations. But it is worth noting that if you want to use the social security card financial account, you must first activate the social security card financial account. The activated social security card can be used as bank card 11, with financial services such as cash deposit and withdrawal, transfer and consumption.

In addition to being used as a bank card, the social security card financial account can also receive social security benefits. At present, pensions for retirees, unemployment benefits for unemployed people and maternity reimbursement expenses are all paid through the social security card financial account of the insured, so if the social security card financial account is not activated, the payment of these benefits may be affected.

The activation method of social security card financial function is relatively simple. Insured persons only need to bring their valid identity documents and social security cards and activate them at the bank outlets designated by the social security cards. You can wait in line at the bank with this number, and then go through the activation procedures of the social security card financial account under the guidance of the counter staff. You need to enter the initial password of the financial account first, and then set a new six-digit password according to the guidance of the staff.

Note that the initial passwords of social security card financial accounts of different card issuers may be different. Usually bank staff know the initial password of the social security card financial account. If you are not clear, you can consult the bank staff.

Benefits of activating social security cards and opening financial functions

First, the opening of bank financial services can make social security cards not only have social security functions, but also be used as debit cards of banks. After activation, they can realize all the functions of bank cards such as payment, transfer and wealth management, as well as online payment. Some people can't deposit and withdraw money without opening financial services, which will be very troublesome and will lose a lot of money.

Second, social security cards can be used for medical treatment. When using the social security card for medical treatment or medicine purchase in a hospital, if the personal medical insurance account is insufficient or needs personal payment, you can transfer money in the social security card through the financial service opened by the social security card, which is convenient for payment and avoids some unnecessary troubles.

Third, after the opening of financial services. You can enjoy the fund payment and insurance premium payment of the five social insurance benefits. It can be understood that after opening a medical account, this card can be used as a bank card, and various benefits or insurance can be bound to the social security card, so that it is more convenient to pay funds. In the government or various employment support policies, you can receive subsidies through ska, and you need a bank account of social security card to receive and deposit funds.

legal ground

Article 58 of the Social Insurance Law of People's Republic of China (PRC) * * * The employer shall, within 30 days from the date of employment, apply to the social insurance agency for social insurance registration for employees. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay. Employees-free individual industrial and commercial households who voluntarily participate in social insurance, part-time employees who do not participate in social insurance in the employing unit and other flexible employees shall apply to the social insurance agency for social insurance registration. The state establishes a national unified personal social security number. Personal social security number is a citizen's identity number.