Can social security cards be used as bank cards? Large transfer?

Social security cards can be used as bank cards, but the feasibility of large-sum transfer depends on the regulations of specific banks.

After the social security card has the financial function, it can be used as a bank card for daily operations such as deposit and withdrawal, consumption and transfer. However, for large-value transfer, whether it is feasible depends on the bound bank and its regulations. The financial function of social security card needs to be activated first. After activation, it can be used not only for social security benefits payment, but also for basic bank card functions, such as saving money and general transfer. However, each bank may have different restrictions on the financial operation of social security cards, especially for large-sum transfers, which may require additional verification or limit control. Therefore, before making a large transfer, you should first consult the specific regulations of the relevant bank.

Function and application of social security card;

1, social security information inquiry: cardholders can inquire about personal social security payment records and medical expenses reimbursement through social security cards;

2. Use of medical services: As a medical insurance voucher, the social security card can be used for medical treatment in designated medical institutions, and medical expenses can be settled directly by credit card;

3. Purchasing drugs: When purchasing drugs at designated pharmacies, you can use social security cards to pay part or all of the expenses;

4. Pension collection: After reaching the statutory retirement age, you can receive pension insurance with a social security card;

5. unemployment insurance benefits: Eligible unemployed people can use social security cards to receive unemployment insurance benefits;

6. Maternity insurance payment: eligible women can use social security cards to receive maternity insurance payment.

To sum up, social security cards can be used as bank cards for daily operations such as deposit and withdrawal, consumption and transfer, but the feasibility of large-sum transfer needs to be determined according to the regulations of specific banks.

Legal basis:

Notice of the People's Bank of Ministry of Human Resources and Social Security and China on Loading Financial Functions into Social Security Cards

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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, the cardholder enjoys the rights of social security and public employment services, and has the basic functions of social security card such as information recording, information inquiry and business handling, 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 the social security card with financial function is RMB debit application, and the credit function is not supported for the time being, and its application scope is limited to People's Republic of China (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.