Is social security card a bank card?

Social security card is not a bank card.

The main difference between social security card and bank card lies in account function, application procedure and preferential charges. Social security card is a kind of compound account card, which includes financial account and social security account. In addition to financial transactions such as saving, withdrawal, transfer and consumption, it also has the functions of social security registration, pension collection, social security information inquiry and medical insurance reimbursement. In contrast, bank cards only have a single financial account, which is mainly used for financial business. In the application procedure, the social security card needs to be applied through the social security agency and the bank, and it needs to be activated by myself before it can be used; Bank cards can be handled directly at bank outlets and used immediately. In terms of cost, the social security card is currently in the promotion period, free of cost and annual fee, and there is no small account management fee, but the loss reporting fee is higher.

Function and application of social security card;

1. Identity authentication function: the social security card has a built-in chip, which can store the cardholder's identity information and be used for identity authentication of medical institutions and social security service windows;

2. Medical insurance settlement: social security cards are used for immediate medical insurance settlement, reducing cash transactions and improving settlement efficiency;

3. Social security inquiry: Cardholders can inquire about individual social insurance payment and treatment collection records through social security cards;

4. Use for medical treatment: When seeking medical treatment in a designated medical institution, the social security card can be used as a medical certificate for registration and payment;

5. Electronic wallet function: Social security cards in some areas have electronic wallet function and can be used for small payments.

6. Inter-provincial medical settlement in different places: eligible cardholders can use social security cards to settle medical expenses in different places.

To sum up, social security card, as a composite account card integrating financial and social security functions, not only provides financial services such as savings and withdrawals, but also supports social security services such as pension collection and medical insurance reimbursement. Compared with the bank card with only financial function, its application procedure is more complicated, but during the promotion period, it enjoys preferential fees, such as free production fee and annual fee, although the loss reporting fee is relatively high.

Legal basis:

Measures for the administration of bank card business

Article 5

Bank cards include credit cards and debit cards. Bank cards are divided into RMB cards and foreign currency cards according to different currencies; According to the different issuing banks, it can be divided into corporate cards (business cards) and personal cards; According to different information carriers, it can be divided into magnetic stripe card and ic card.