What is the social security financial account? What is the social security financial account?

1. Social security financial account refers to electronic certificate where cardholders enjoy the rights and interests of human resources and social security services. It has the basic functions of social security card, such as identification, information recording, business handling, self-service inquiry, etc. It can also be used as a bank card, and has financial services such as cash deposit and withdrawal, transfer and consumption, so as to realize the collaborative handling of human resources, social security services and financial payment services. At the same time, it can also carry more government services, such as pension collection. In the process of medical insurance settlement and pension collection, it can effectively reduce links, improve efficiency, and better reflect its role as a symbol of citizens enjoying social security rights and interests.

2. The personal account of the insured person is managed by capital injection, which is transferred to the personal social security card financial account by the social security agency on a monthly basis and withdrawn by the insured person. However, the social security card financial account must be activated at the bank counter to realize the functions of cash withdrawal, transfer and consumption.

3. In order to ensure the safety of the funds in the insured account, the social security agency can only inject capital into the account to realize the cash withdrawal function when the social security card financial account is activated, but the procedures for activating the financial account are not complicated.

4. For the insured who has not opened the function of social security card financial account, after receiving the social security card, he can go to any local branch of the social security card issuing bank to handle the activation procedures of social security card financial account with valid documents such as social security card, original ID card and household registration book.