Does the social security card have a financial function?

The opening of the financial function of the social security card means that the social security card can not only be used as a medical insurance card to receive pensions, but also be equivalent to a bank card after activation, with financial services such as cash deposit, withdrawal, transfer and consumption.

At present, the social security card has six functions: identification, information recording, self-inquiry, medical treatment settlement, payment treatment and financial payment. The social security card loaded with financial functions can be used as a bank card at the same time, which has many functions such as cash deposit and withdrawal, transfer and consumption, which means it can be regarded as an ordinary personal bank savings card.

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.

legal ground

People's Republic of China (PRC) Social Insurance Law Article 4 Employers and individuals in People's Republic of China (PRC) pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights and interests records, and require social insurance agencies to provide social insurance consultation and other related services. Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.

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.