Does it matter if the social security card financial account is not activated?

Deactivating the social security card financial account will have a certain impact.

The social security card financial account may not be opened, which will not affect the social security card function, but the financial function cannot be used.

The failure to open the financial function of the social security card mainly affects the following aspects:

1 cannot be used as a bank card.

After the social security card financial account is activated, you can deposit, withdraw, remit and transfer money. In the bank. If it is not activated, it cannot be used.

2. Pension collection is affected.

At present, most areas have begun to issue pensions to retirees through social security cards. If the fiscal account is not activated, it will affect the normal collection of pensions.

3. The impact of social security benefits.

At present, social security benefits are also paid by social security cards, such as unemployment insurance, work injury insurance, maternity allowance and some state subsidies. In addition, if the financial account of the social security card is not activated, it will affect the application of the electronic social security card. If it is impossible to apply for the electronic social security card, it will not be used.

The financial function of social security card is not enabled by default. According to the relevant regulations of banking supervision, I need to go through the opening formalities in person. Because the financial account is a bank card account, it has the functions of storage, retrieval, remittance and payment, so it is best to deposit some money in the account after activation to avoid becoming a sleep account after long-term unused.

The social security financial account needs to be activated in person at the bank, and the cardholder carries the social security card and ID card to the business outlet of the bank to which the social security card belongs to handle the social security card activation procedures.

Legal basis:

Article 2 Function Orientation of the Notice on Loading Financial Functions into 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, and its application scope is limited to People's Republic of China (PRC) (PRC).

The card medium of social security card with financial function is contact chip card, which can be temporarily transitioned in the form of chip and hidden magnetic stripe composite card. The chip should include both human resources and social security applications (hereinafter referred to as social security applications) and financial applications.