Do I need to save money in my social security card?

1, the social security card with UnionPay can be used as a bank card (debit card), provided that you deposit money in it before you can withdraw money. In addition, the money paid in social security can not be taken out, and can only be used for medical reimbursement or medicine purchase. In fact, two accounts, a deposit account and a social security account, are on the same social security card. 2. Activation of social security account: I need to bring my bank social security card, my old social security card (not needed) and my ID card to the social security counter of the bank to fill in the form and set a password to activate the social security account, but this account cannot be used to withdraw money. 3. Bank account: You need to bring your bank social security card and my ID card to the bank counter to fill in the form, set a password to activate the bank card account, and you can use it. It has the same function as ordinary bank cards and can be used for withdrawal and transfer. 4. It is suggested that the passwords of the two accounts should be set separately, preferably not the same, to ensure the safe use of each account.

Legal objectivity:

Article 11 of the Social Insurance Law of People's Republic of China (PRC) stipulates that the basic old-age insurance shall combine social pooling with individual accounts. Article 14 of the Social Insurance Law of People's Republic of China (PRC), individual accounts shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit interest rate, and interest tax shall be exempted. If an individual dies, the balance of the individual account can be inherited.