Can I withdraw money from my social security card?

Social Security cards can be used to deposit money at an ATM.

The social security card has two accounts, a social security account and a financial account. After the financial account is activated and a password is set, the user can deposit money into the financial account, at which point the Social Security card functions the same as a regular bank card and can be used to withdraw money from an ATM. The money in the Social Security account, on the other hand, cannot be taken out with the Social Security card.

One, the social security card is divided into two accounts:

1, personal account

Social security card personal account money is generally not able to take out, social security card personal account there are two, one is the pension insurance personal account, is used for retirement pension, is also one of the components of our pension. The other is the health insurance personal account, the balance of which can be used to pay for medical expenses, buy medicines, health care products, etc., and in some areas can also be used to enjoy with family members ****. We can't normally take out the money in these two accounts. Unless the participant needs to go abroad to settle down or the participant passes away, then you can claim to withdraw it.

2, financial account

Social security card also has a financial account, with the function of a bank card, go to the bank to activate the normal use. We can use the social security card for cash deposit and withdrawal, transfer, payment of water, electricity and gas fees, etc., very convenient.

Second, how long after the activation of the social security card money

Social security card activation, the company will be in the 20th of each month before the social security card, the month and the previous medical personal accounts, will be issued at the end of the month or at the beginning of the next month combined to the account; units in the 20th of each month after the social security card, the medical personal accounts of the money to be issued only a month and a half later to the account. With regard to the pension part, after activation of the 15-25th of each month when the insurance allocation of wages will have money, usually not more than 1 month.

The current social security card is a card with two accounts, divided into a personal account for health insurance and a financial account. Equivalent to one card for two purposes, both a social security card, but also a - a bank debit card, with cash access, transfer, consumer finance and other services, more convenient to use. But. This financial account must be activated at the bank counter in order to withdraw cash, transfer money, consumption.