The bank collects social security, does social security give money to the bank?

According to the information of China Travel Service. Com, the collection of social security by banks actually entrusts banks to pay social security on their behalf. When handling, the bank needs to fill in the corresponding payment documents, and the bank will transfer the money to the social security institution within the specified time, and only pay through the bank during the payment process. In this process, social security funds are paid by enterprises or individuals, and banks only play the role of collecting and paying on behalf of them, and will not get any money from social security institutions.

This way can make it easier for enterprises or individuals to pay social security fees, ensure the safety of social security institutions' funds, and enhance the service ability of banks. Therefore, choosing a bank to collect social security payment is a safe, convenient and fast social security payment method, which has been widely used and popularized.