What is the financial function of social security card? How to open the financial function of social security card?

With the continuous updating and upgrading of social security cards, the functions of social security cards are becoming more and more abundant. Nowadays, social security cards in the hands of many people can not only buy medicines in pharmacies, but also be reimbursed in hospitals, and also have financial functions. Although all friends who participate in social security have a social security card, many people still don't know much about the function of social security card. So what is the financial function of social security card?

The financial function of social security card is actually that our social security card has a financial account since the second generation. The so-called financial account refers to the bank card account. You can see the name of the card issuer and the card number information of the bank card on your social security card. In other words, our social security card can also realize services such as fund transfer, deposit and withdrawal, and payment. Just like using an ordinary debit card.

Cardholders can use social security cards to realize cash deposit and withdrawal, transfer and consumption through ATMs, counters, etc. In some areas, the financial function of the third-generation social security card has also increased the function of small secret-free payment, and everyone can swipe the social security card to take the bus. However, it is worth noting that the financial account of social security card belongs to debit card account and does not have overdraft function. Therefore, if you want to use the social security card financial account to spend money, you need to deposit money in the financial account first.

Moreover, the social security card financial account can only be used after activation. The activation method of social security card financial account is relatively simple, as long as the cardholder carries his valid ID card and social security card and activates it at the bank outlet counter marked on the face of the social security card.

The cardholder waited in line at the bank with the number, and then told the bank staff that he needed to activate the social security card financial account. Under the guidance of the staff, the initial password of the social security card financial account may be different in different banks. Specifically, you can ask the bank staff and then set a new six-digit password. This new password is the password that everyone needs to enter for withdrawal and consumption.

After the social security card financial account is activated, our social security card can be used as a bank card. Now, in many areas, social security-related benefits are paid through social security card financial accounts, such as pensions and unemployment benefits.