Is there a handling fee for withdrawing money from social security card?

Legal analysis: there is no handling fee for deposit and withdrawal of social security cards. Social security card financial accounts are not only exempt from annual fees, new card issuance fees, counter loss reporting fees and small account management fees, but also exempt from inter-bank withdrawal fees in the province. (cross-bank ATM withdrawals twice a month).

Legal basis: People's Republic of China (PRC) Insurance Law.

Article 1 This Law is formulated for the purpose of regulating insurance activities, protecting the legitimate rights and interests of the parties involved in insurance activities, strengthening the supervision and management of the insurance industry, maintaining social and economic order and social public interests, and promoting the healthy development of the insurance industry.

Article 2 The term "insurance" as mentioned in this Law refers to the commercial insurance behavior in which the applicant pays the insurance premium to the insurer in accordance with the contract, and the insurer is liable for the property losses caused by the possible accidents agreed in the contract, or when the insured dies, is disabled or sick, or reaches the age and time limit agreed in the contract.