How to withdraw the money from the social security card financial account?

Like ordinary bank cards, the money in the social security card financial account can be withdrawn at the business outlets of social security card cooperative banks, or through ATM machines, online banking, mobile banking and other channels.

However, it should be noted that the social security card has two accounts: the social security account and the financial account, which are independent of each other, and the funds in the social security account cannot be withdrawn.

To withdraw money from the financial account of the social security card, the social security agency must issue social security benefits such as pension, unemployment benefit and maternity allowance, or the insured person can deposit the funds into the financial account to withdraw money. The medical insurance amount stored in the social security account cannot be withdrawn and can only be used in designated medical institutions.

In short, the money in the social security card financial account can be withdrawn like an ordinary bank card, provided that the social security agency issues social security benefits or the insured person deposits the funds into the financial account by himself.

legal ground

People's Republic of China (PRC) social insurance law

Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid for fifteen years at the statutory retirement age.

Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council. Twenty-seventh individuals who participate in the basic medical insurance for employees, when they reach the statutory retirement age, will no longer pay the basic medical insurance premium after retirement and enjoy the basic medical insurance benefits in accordance with state regulations; Those who have not reached the fixed number of years prescribed by the state may pay the fees to the fixed number of years prescribed by the state. Twenty-eighth medical expenses that meet the basic medical insurance drug list, diagnosis and treatment items, medical service facilities standards and emergency treatment and rescue shall be paid by the basic medical insurance fund in accordance with state regulations. Fortieth workers who meet the conditions of receiving basic old-age pension shall stop issuing disability allowance and enjoy basic old-age insurance benefits. If the basic old-age insurance benefits are lower than the disability allowance, the difference will be made up by the industrial injury insurance fund.