Is it necessary to change the social security card to a bank?

This is necessary. According to relevant regulations, social security cards can be exchanged for banks. If the cardholder needs to change the correspondent bank, he should first go through the account cancellation procedures at the original social security card issuing bank and withdraw the balance of the personal financial account of the original social security card. The original social security card was recovered and destroyed by the issuing bank.

What is the impact of replacing social security cards with banks?

It makes no difference to change the social security card into a bank. If the cardholder wants to change his social security card to another bank, he can cancel the original social security card first and then go to a new bank. The specific operation is as follows:

1. The cardholder applies to the new bank first, and then the new bank prints the change receipt of the social security card application bank to the handling personnel;

2. The cardholder takes the receipt, ID card, social security card and bank card to the counter of the issuing bank to explain the reasons for cancellation, withdraw the funds from the financial account in the social security card, and the original social security card will be recovered by the issuing bank;

3. Bring your personal ID card and bank card to apply for a new social security card. After the completion of the new social security card, the balance of the previous social security card will be automatically transferred to the new account.

To sum up, the cardholder finally applies to the newly selected correspondent bank. After the new social security card account is established, the balance of the original social security card medical insurance account will be automatically transferred to the new social security card.

Legal basis:

Article 2 of People's Republic of China (PRC) Social Insurance Law

The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to get material help from the state and society in accordance with the law when they are old, sick, injured, unemployed and have children.

Article 12

The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees stipulated by the state, and record it in the basic old-age insurance pooling fund.

Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.

Article 23

Employees should participate in the basic medical insurance for employees, and employers and employees should jointly pay the basic medical insurance premiums in accordance with state regulations.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic medical insurance for employees and other flexible employees can participate in the basic medical insurance for employees, and individuals pay the basic medical insurance premium in accordance with state regulations.