How to cancel a pension account in mobile banking

You can cancel the operation through the mobile banking APP. The specific steps are as follows:

1. Log in to the bank's mobile banking APP, enter the "My" page, find the "Pension" or "Social Security Pension" and other related options.

2. Click to enter the pension account page, find "cancel account" or "unbind" and other related options.

3. According to the page prompts, enter the relevant information and verification code to confirm the cancellation operation.

4. When you cancel your account, you will receive a prompt message.

Personal pension accounts are a form of pension security that is ultimately formed by individuals contributing a certain percentage of their paychecks, and then being subsidized by the government and enterprises in accordance with a certain percentage. Individual pension accounts are owned by individuals and are characterized by flexibility and transferability.

There are several situations in which an individual's pension account needs to be canceled:

1. The individual leaves his or her job for various reasons and needs to settle and transfer the funds in the account;

2. The individual is no longer suitable to participate in the pension scheme due to age or other reasons and needs to settle and refund the funds in the account;

3. The individual needs to withdraw his or her pension early for financial reasons, and the funds in the account are refunded. reason, the individual needs to withdraw his/her pension early, and needs to settle and withdraw the funds in the account.

In summary, before canceling a pension account, one needs to ensure that there is no balance or pending funds in the account. Otherwise, you need to transfer out the funds or finish dealing with the related fund matters before you can carry out the cancelation operation.

Legal basis:

Opinions of the State Council on the Establishment of a Unified Basic Pension Insurance System for Urban and Rural Residents

Article 32

An entitlement recipient shall cease to be paid his or her pension benefits from the month following the month of death. At the beginning of each month, village coordinators shall report the list of deceased persons in the previous month to the county social security organization through the township office. The county social security agency will suspend the payment of the deceased, and cancel the pension insurance relationship of the deceased after the designated beneficiary or legal heir of the deceased goes through the cancellation registration procedures.