Can the social security card deposit money and then withdraw it?

Social security cards can save money and withdraw money.

Social security card actually has two accounts: social security account and bank account. The money in the social security account is usually used for medical reimbursement or medicine purchase, and cannot be directly withdrawn. However, bank accounts, like ordinary bank debit cards, can be used to deposit and withdraw money.

Specifically, you can withdraw money from the social security card under the following circumstances:

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: the money in the social security card cannot be taken out, but the money stored in the card can be taken out. Now the social security card and the bank card are integrated, but the pension account and the bank account are separated. Pensions are managed by the government and cannot be withdrawn, but money deposited in bank accounts can be withdrawn. Civil subjects engaged in civil activities shall not violate the law or public order and good customs.

Legal basis:

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

second

The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to get material help from the state and society in accordance with the law when they are old, sick, injured, unemployed and have children.

Article 16

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions.