Does the social security card need to open the financial function?

The financial function of the new social security card should be opened, because the card face of the second-generation social security card has the UnionPay logo, which needs to be activated in the designated bank, but it can also be used in medical institutions before activation. There are two accounts on the new social security card, one is personal medical insurance account and the other is bank financial account, which can be used as bank card.

The Social Security Card of the People's Republic of China is an integrated circuit (ic) card, which is uniformly planned by Ministry of Human Resources and Social Security and issued to the public by local human resources and social security departments, and used in various business fields of human resources and social security. Social security (individual) cards are issued to urban employees, unemployed people and retirees.

After the new social security card has financial functions, it has financial debit functions such as cash deposit and withdrawal, transfer and consumption.

legal ground

Article 58 of People's Republic of China (PRC) Social Insurance Law

The employing unit shall, within 30 days from the date of employment, apply to the social insurance agency for social insurance registration for its 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.