Is there any money left after the social security card financial account is activated?

Legal analysis: Social security card has rich financial accounts, but this financial account must be activated at the bank counter to withdraw cash, transfer money and spend money. For example, medical expenses reimbursement, pensions and other social security benefits are all collected through this account in principle, and can be used as long as the social security card financial account is activated.

Legal basis: Article 2 of the Notice on Loading the Financial Functions of Social Security Cards. The financial function of social security card is mainly realized by loading bank application on social security card. Social security card loaded with financial function (hereinafter referred to as social security card with financial function), electronic certificate, as a cardholder who enjoys the rights and interests of social security and public employment services, has basic functions such as information recording, information inquiry and business handling of social security card, and can also be used as a bank card with financial functions such as cash deposit and withdrawal, transfer and consumption.

The financial application of social security card with financial function is RMB debit application, and the credit function is not supported at present. The card medium of this card is generally a contact chip card, but there are also social security cards with contact+non-contact dual-interface cards issued by banks. The social security card temporarily transits in the form of a chip and a hidden magnetic stripe composite card. The chip should include human resources, social security applications and financial applications at the same time. The social security card adopts the national unified standard, and the social security number adopts the citizenship number in accordance with the relevant provisions of the Social Insurance Law.