Can the financial function of social security card be opened?

First, yes, the social security card will have all the functions of an ordinary bank card by loading a bank magnetic stripe or a chip conforming to PBOC2.0 standard on it, and realize the payment and distribution of five social insurance funds of the insured through the financial function of the social security card.

At the same time, the insured can handle various banking services such as bank deposit and withdrawal, transfer, payment of utilities, investment in wealth management products, trading of foreign exchange, gold, funds, bonds, and third-party depository. , and can be used in electronic channels and bank counters such as UnionPay ATM machines, online banking and mobile banking all over the country.

Second, the social security card mainly has six functions: electronic certificate function, information recording function, self-service inquiry function, medical settlement function, payment and treatment collection function, and financial payment function.

Extended data

Social security card is also a bank card, which is the first bank card for many rural residents and migrant workers. By the end of last year, 29 provinces and Xinjiang Production and Construction Corps had issued social security cards with financial functions, with 842 million cardholders, accounting for 86.7% of the total social security cards issued nationwide.

Among them, social security cards in Hebei, Shanxi, Inner Mongolia, Jiangxi, Shandong, Henan, Hunan, Hainan, Chongqing, Guizhou, Shaanxi, Gansu, Qinghai, Ningxia and Xinjiang all have financial functions.

Many people have already felt this convenience. By the end of last year, 489 million social security cards had been activated in national bank accounts, and the activation rate of bank accounts reached 58. 1%, of which the activation rate of Fujian bank accounts reached 65.438+000%. To judge whether your social security card has financial function, just look at whether the social security card in your hand has the "UnionPay" logo. If yes, the card has financial function.

Many places issue various financial subsidies through social security cards. For example, in Zhongwei, Ningxia, 22 government subsidies, such as subsistence allowances, old-age care, grassland ecology, animal diseases, orphans' subsidies, low-rent housing, improved seed subsidies, rural housing renovation, disability pensions, sand control subsidies, agricultural machinery subsidies, medical assistance, etc., are all uniformly distributed through social security cards.

In Panzhihua, Sichuan, government subsidies and agriculture-related funds such as civil affairs, housing construction, agriculture and animal husbandry, forestry, poverty alleviation, disabled persons' federations and housing accumulation funds are all distributed through social security cards. Guangdong grants subsidies to civil affairs and disabled persons' federations through social security cards in the province 12.

In some places, social security cards are also connected with public facilities such as water, electricity and heating to facilitate the masses. For example, in Huanggang, Xiantao, Dalian, Liaoning and other places in Hubei, residents can pay water, electricity, gas and other expenses with their cards.

Reference source: Baidu Encyclopedia-Social Security Co-branded Card