What does the financial function of social security card mean?

The financial function of social security card refers to the function that social security card can be used normally when it is used as a financial account.

Opening method of social security card banking function: the logo of the cooperative bank is printed on the upper left corner of the social security card, and the cardholder can activate it by holding the original social security card and valid ID card to the business outlet of the cooperative bank.

The financial function of social security card is mainly realized by loading bank application on social security card. This means that as a cardholder, e-cert enjoys the rights and interests of social security and public employment services. At the same time, it can be used as a bank card with financial functions such as cash deposit and withdrawal, transfer and consumption.

Why must the financial function of social security card be activated?

The first is the need for social security payment and welfare payment. The benefits, insurance premiums and subsidies of the five major social insurance employment support policies, namely, pension, medical care, maternity, work-related injury and unemployment, will be paid through the social security card bank account in the future.

The second is the need for medical treatment. When using the social security card for medical treatment and medicine purchase, if the balance of the personal medical insurance account is insufficient or the individual needs to pay, the payment can be made through the social security card bank account.

The third is the need for bank financial services. Social security card not only has social security function, but also is a UnionPay debit card. After activation, all functions of bank cards such as transfer, payment, wealth management and online payment can be realized.

legal ground

Measures of the People's Republic of China on the Administration of Social Security Cards

Fourteenth human resources and social security departments at all levels should actively promote the application of social security cards in various business fields. For merchants who do not have the conditions to use the card temporarily, they must be retained. For businesses that need to be carried out with the help of financial functions, it should be realized by carrying financial functions on social security cards.

Article 15 Human resources and social security departments at all levels shall guarantee cardholders' right to inquire about and handle human resources and social security business, adopt technical means and management measures to protect cardholders' personal privacy, use relevant information of social security cards according to law, and ensure the safe use of social security cards.

Sixteenth provincial, municipal human resources and social security departments that are allowed to issue social security cards shall formulate clear rules for the application and management of social security cards, and announce them to the public through express service places and publicity on government websites. The social security card application management program shall include the following contents:

(a) the function and purpose of the social security card;

(two) the issuance, application conditions and application procedures of social security cards;

(three) the scope of use of social security cards (including use restrictions), the use period and the use method;

(four) the procedures for reporting the loss and reissue the social security card after it is damaged or lost;

(five) the rights and obligations of the card issuer, the cardholder and other relevant parties.