Can an out-of-state social security card be used to withdraw money from a local bank?

I. Introduction of Social Security Card Functions

Social security card, known as social security card, is mainly used to record one's social security information, including pension insurance, medical insurance, unemployment insurance and so on. At the same time, the social security card also has financial functions, can be used as a bank card, deposit and withdrawal, transfer and other operations.

The possibility of withdrawing money from a local bank with a foreign social security card

Usually, a foreign social security card can be used to withdraw money from a local bank. This is because social security cards have the UnionPay logo and can be used to withdraw money from ATMs with the UnionPay logo. However, specific operations and restrictions may vary depending on regional and banking policies.

Third, withdrawal operation notes

1. Inter-bank withdrawal fee: When using a foreign social security card to withdraw money from a local bank, an inter-bank withdrawal fee may be incurred. The specific fee is subject to the policies of the issuing bank and the withdrawing bank.

2. Withdrawal limit: The withdrawal limit of social security card at ATMs is usually low and may not be able to meet the needs of large withdrawals. For large withdrawals, it is recommended to go to a bank counter.

3. Account verification: During the withdrawal process, the bank may verify the account to ensure account security. Therefore, cardholders need to make sure that their social security cards have been activated and their passwords have been set so that the withdrawal operation can be carried out smoothly.

Four, other ways to use

In addition to ATM withdrawals, cardholders can also choose to transfer funds and check balances through online banking, mobile banking and other channels. These methods are more convenient and are not subject to geographical restrictions.

In summary:

Foreign social security cards can be used to withdraw money from local banks, but the specific operations and restrictions may vary depending on regional and banking policies. Cardholders need to be aware of the relevant policies and fee standards in order to better utilize their social security cards for financial operations.

Legal basis:

The Social Insurance Law of the People's Republic of China

Article 58 stipulates:

An employer shall apply for social insurance registration for its employees with the social insurance agency within 30 days from the date of employment. If it fails to register for social insurance, the social insurance agency shall authorize the social insurance premiums it shall pay.

Individual industrial and commercial households without employees who voluntarily participate in social insurance, part-time employees who do not participate in social insurance with their employers, and other flexibly employed persons shall apply to the social insurance administrative organization for social insurance registration.

The State establishes a nationally unified individual social security number. The individual social security number is a citizen's identity number.

Measures for the Administration of Bank Card Business

Article 2 stipulates:

The bank card referred to in these Measures refers to the credit payment instrument issued by commercial banks (including postal financial institutions, hereinafter referred to as the same) to the society with the functions of consumer credit, transfer and settlement, access to and withdrawal of cash and so on, in whole or in part. Commercial banks may not issue bank cards without the approval of the People's Bank of China.

Measures for the Administration of Inter-bank Deposit and Withdrawal Business

Article 4 stipulates:

Financial institutions handling inter-bank business (hereinafter referred to as the "operating banks") shall, in accordance with the financial statistical information reporting system stipulated by the People's Bank of China, promptly report to the People's Bank of China the statistical data of inter-bank business.