Can I deposit a large sum of money with my social security card?

Legal analysis: Yes, provided that your social security card has financial function and your bank account has been opened.

Matters needing attention in the use of social security cards:

1. If your social security card has financial function and a bank account is opened, then your social security card can be used as an ordinary bank card, which can not only save money, but also withdraw cash, and can also be used for credit card consumption and payment transfer.

2. Judging whether the bank card in your hand has financial function depends on whether your social security card has the logo of UnionPay, and if so, it has financial function.

3. It should be noted that the bank account of the social security card is not automatically opened by default, but you need to apply to the cooperative bank for activation and opening with your ID card and other documents.

4. After opening a bank account, you can use the social security card to receive a lot of money, such as receiving pensions, unemployment benefits, industrial injury insurance benefits, and subsidies for improving the skills of enterprise employees.

Legal basis: Article 68 of the Social Insurance Law of People's Republic of China (PRC) shall be deposited in the special financial account, and the specific management measures shall be stipulated by the State Council.