I do postal card, the bank staff said I have a card a social security card, I have to take my social security card to activate the bank card in order to get the bank card, in the end what does it mean

I do postal card, the bank staff said I have a card a social security card, I have to take my social security card to activate the bank card in order to get the bank card, in the end what does it mean?

When you go to the postal bank to apply for a new bank card, the social security card mentioned by the staff is actually a joint postal bank and social security bank card that you already have, which is a type I account. According to new banking regulations, as of 2016, each customer can only have one Type I account at the same bank, including the joint Social Security card. Therefore, in order to activate your new postal bank card, you will need to bring your social security co-branded card to the bank for identification, this is to ensure account security and compliance with account management policies.

The new rules require that in addition to Type I accounts, you can open Type II or Type III accounts, but no more than four in total, to limit the amount of transactions. Class II accounts have a daily transaction limit of $10,000 and an annual total of $200,000, which is to prevent abuse and protect account funds. So, the advice from the bankers is that you need to utilize your existing Social Security co-branded card for activation in order to get a new postal bank card while following the account management regulations.