Can the money in social security be taken out? How come?

The money in social security can be taken out.

Social security cards withdraw money in the same way as bank cards. You can withdraw money through self-service equipment, mobile banking, online banking and counter, provided that the function of social security card financial account is enabled. After the social security card is activated, it has the basic functions of a bank card and can be used for deposit and withdrawal and transfer. If you don't activate your account, you can only deposit money, but you can't withdraw money. The money withdrawn can only be the part paid by itself in the social security account, and the money in the overall account cannot be withdrawn. The money in the social security account is used for medical reimbursement or drug purchase and allocation, and it is not supported to take it out at will.

You can withdraw money from your social security card:

1. People who pay social security monthly can withdraw funds from the medical insurance account and keep the account if they go abroad for medical treatment for a long time or settle abroad after retirement.

2. People who pay social security monthly but have not retired and settled abroad can also withdraw funds from the medical insurance account, but they need to cancel their accounts.

3. If you want to change your residence or work area, the balance in the social security account will be transferred through the social insurance agency in principle. However, if the agency does not accept it, it can withdraw the balance in the account and apply for cancellation of the personal account.

To sum up: after the financial account is activated and the password is set, users can deposit money into the financial account. At this time, the function of social security card is the same as that of ordinary bank card, and you can withdraw money at ATM. The money in the social security account cannot be taken out with the social security card.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 64

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.