Why are Beijing's social security cards all first-generation cards with no financial function?

The current social security cards in Beijing are all first-generation cards. The first generation card has no financial function, and the second and third generations can load financial functions. This is related to policy. Every place has different policies. You can ask the local government if you can upgrade the card now.

The social security card loaded with financial functions not only has the basic functions of social security cards such as identification, information recording, self-service inquiry and business handling, but also can be used as a bank card with financial services such as cash deposit and withdrawal, transfer and consumption. However, this financial account must be activated at the bank counter before it can be withdrawn, transferred and consumed.

Activating a financial account is not complicated. Just take the social security card and the original valid ID card and go through the activation procedures at the bank shown on the social security card. When activating, you need to provide the mobile phone number of yourself or the contact person, and set the transaction password and inquiry password of the financial account.