Can I cancel my social security card and go to another bank?

Social security cards can be exchanged for banks. If the cardholder needs to change the correspondent bank, he should first go through the cancellation procedures at the original social security card issuing bank and withdraw the balance of the personal financial account of the original social security card, and the original social security card will be recovered and destroyed by the issuing bank.

Under normal circumstances, replacing the social security card with a bank has no effect on social security. If the cardholder wants to change the bank where the social security card is opened, he can cancel the original social security card first and then go to a new bank to handle it. For example, ICBC can cancel its social security card and apply for a new one in another bank. But it's more troublesome. If you want to change your social security card, you need to contact the social security center in advance and update a bank card.

If the cardholder needs to change the correspondent bank, he should first go through the cancellation procedures at the original social security card issuing bank, and withdraw the balance of the original social security card personal financial account, which will be recovered and destroyed by the issuing bank. The cardholder finally goes through the application formalities at the newly selected correspondent bank. After the new social security card account is established, the balance of the original social security card medical insurance account will be automatically transferred to the new social security card.

Social security card holders can use this card to settle personal accounts of medical insurance in real time, handle pension insurance affairs, apply for job registration and unemployment registration.

Social security cards can be handled in the bank. According to the needs of the work, with the approval of local social insurance departments and institutions, social insurance agencies can set up branches and service outlets in this overall planning area. Therefore, the parties can go to the designated bank outlets for handling.

Introduction to the operation process of social security card replacement bank

1. The cardholder applies to the new bank first, and then the new bank prints the change receipt of the social security card application bank to the handling personnel.

2. The cardholder takes the receipt, ID card, social security card and bank card to the counter of the original issuing bank to explain the reasons for cancellation, and withdraws the funds from the financial account in the social security card, and the original social security card is recovered by the issuing bank.

3. Bring your personal ID card and bank card to apply for a new social security card. After the completion of the new social security card, the balance of the previous social security card will be automatically transferred to the new account.

Now the social security card has been updated to the third generation, which increases the financial function of the bank card, that is, the social security card can be used as a bank card. In addition, the social security card is also connected to the Internet and adopts big data technology, which will make it more convenient for cardholders to use.

I hope the above content can help you. If in doubt, please consult a professional lawyer.

Legal basis:

Article 64 of People's Republic of China (PRC) Social Insurance Law

Social insurance funds include basic endowment insurance fund, basic medical insurance fund, industrial injury insurance fund, unemployment insurance fund and maternity insurance fund. In addition to the basic medical insurance fund and maternity insurance fund combined accounting, other social insurance funds are accounted for separately according to social insurance types. Social insurance funds implement a unified accounting system throughout the country.

The social insurance fund is earmarked for special purposes, and no organization or individual may occupy or misappropriate it.

The basic old-age insurance fund will gradually implement national overall planning, and other social insurance funds will gradually implement provincial overall planning. The specific time and steps shall be stipulated by the State Council.