How to transfer wages in the social security card

The money in the social security card is used when the insured person meets the legal conditions, the insured person reaches the legal retirement age when the cumulative contributions of fifteen years, you can receive the basic pension monthly; or the insured person is sick and hospitalized, you can use the social security card to go to the medical institution, pharmacy to directly carry out the settlement.

The Ministry of Human Resources and Social Security and the People's Bank of China's Notice on Loading Financial Functions on Social Security Cards, Article 2 of which states that social security cards loaded with financial functions shall be realized mainly by loading banking applications on the social security cards. The social security card loaded with financial functions (hereinafter referred to as the social security card with financial functions), as an electronic voucher for the cardholder to enjoy the rights and interests of social security and public ****employment services, has the basic functions of social security card such as information record, information query, and business handling, etc., and at the same time, it can be used as a bank card, with the financial functions of cash deposit and withdrawal, money transfer, and consumption. The financial application of the social security card with financial function is RMB debit application, and does not support credit function for the time being, and its scope of use is limited to the territory of the People's Republic of China*** and the State. Social security card with financial functions of the card medium for the contact chip card, you can use the chip plus hidden magnetic stripe composite card in the form of temporary transition, the chip should contain both human resources social security applications (hereinafter referred to as social security applications) and financial applications.