Can you save money on a minor social security card

The underage social security card can deposit money.

1, the children's social security card has a financial account function, can be cash access and transfer operations;

2, parents in the children's social security card to deposit money, need to activate the social security card, and to change the initial password;

3, activation of social security card, parents need to bring the agent's ID card, minors account book and social security card itself to the designated location;

4. The social security card can be used for social security-related businesses such as medical insurance billing, pension insurance affairs processing, job-seeking registration and unemployment registration.

Basic functions of the social security card:

1. For personal identification;

2. To record one's social security payment and usage;

3. To be used when seeking medical treatment in designated medical institutions;

4. To be used for micro-payment and inquiries in some areas.

In summary, the social security card for minors is not only capable of accessing cash and making transfers, but also requires parents to activate it and change the password before it can be used, and it must be carried to the designated location with the relevant documents to be operated. In addition, the card has a number of social security functions such as settlement of medical insurance, handling of pension insurance affairs, and registration for job-seeking and unemployment, among others.

Legal basis:

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

Article 14

Individual accounts may not be withdrawn in advance, and the interest rate of the account shall not be lower than the interest rate of the bank's fixed-term deposits, and shall be exempt from interest tax. If an individual dies, the balance of the individual account may be inherited.