What is the social security agency?

First, the entrusting unit applies to the bank, and after signing the agency agreement with the bank, it provides the bank with the details of the agency salary, the valid identity certificate of the account holder and the agency funds. After accepting the entrustment, the bank will open a personal settlement account for customers and establish an agency relationship according to the information provided by the entrusting unit. The entrusting unit is responsible for the authenticity of the account opening information. Enterprises convert pre-made payslips into payslip files through the tools provided by banks, and the industry uploads this file to the bank host through enterprise online banking to complete the payment of payslips. If the enterprise does not open online banking, it will send the payroll file to the bank, and the bank staff will upload it to the bank host to complete the payroll.

Legal basis:

"Interim Provisions on Payment of Wages" Article 6 An employer may entrust a bank to pay wages. The employer must record in writing the amount and time of employees' salary collection, the name and signature of the recipient, and keep it for more than two years for future reference. When the employer pays wages, it shall provide the laborer with a list of his personal wages.