Can I withdraw the balance of the social security card savings account?

It depends. Social security card savings account is different from bank card account, and it can't withdraw money at any time like bank card. However, if certain conditions are met, such as retirement age, unemployment, disability, etc., you can withdraw the money from the social security card savings account. The money taken out can be used to buy a house, pay medical expenses, invest and manage money, etc. It should be noted that the withdrawal of the balance of social security card savings account needs to follow certain regulations and procedures. When employees withdraw the balance of social security card savings account, they need to bring valid certificates and corresponding application materials, and they can only take them out after examination.

The balance of the social security account can be withdrawn, but it also needs certain conditions and I need to settle it in the social security center. Details are as follows:

1. The insured person has died: in this case, the balance of the social security account can be withdrawn, but the insured person's children or immediate family members need to cancel the account at the local social security bureau. If there is a balance in the social security account, it can be directly transferred to the social security account of children or immediate family members.

2. The insured person settles abroad: the insured person needs to change his nationality, and also needs to bring his social security card and ID card to the local social security bureau to cancel his account, before the balance of the social security account can be taken out;

3. The insured person repeatedly pays social security fees: In this case, it is also necessary to go to the local social security bureau. After application, the balance in the social security account card will be returned to the insured person.

4. Retirement: When employees reach retirement age, they can withdraw the balance of the social security card savings account as a pension to support their own lives.

5. Employment subsidies: Some specific groups can withdraw the balance of social security card savings accounts through employment subsidies, such as migrant workers and the disabled.

6. Reimbursement of medical expenses: within the scope of personal or family medical insurance, the balance of social security card savings account can be reimbursed as part of medical expenses.

How to activate the new social security card?

The financial function and social security function of the newly received financial social security card are not activated and need to be activated.

1. Cardholders can bring their valid identity cards and social security cards to the nearest service bank outlets, and can simultaneously open financial and social security functions.

2. The cardholder carries a valid resident ID card and social security card, and chooses the nearest community affairs acceptance center to only open the social security function.

3. Cardholders can only open social security functions through online service platforms such as Shanghai Citizen Information Service Network and "Application on Demand".

The new social security card covers financial functions and social security functions, in which the activation of financial functions can only be used after the cardholder obtains the card and presents his valid identity certificate to the cooperative bank outlets for activation.

To sum up, whether the balance of the social security card savings account can be withdrawn depends on the specific situation. Those who meet the requirements can withdraw money at the bank counter or self-service equipment; If it does not meet the requirements, corresponding measures can be taken to solve the problem.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 14

Personal accounts shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit interest rate, and interest tax shall be exempted. If an individual dies, the balance of the individual account can be inherited.

Detailed Rules for the Implementation of People's Republic of China (PRC) Social Insurance Law

Article 8

The medical expenses incurred by the insured in the agreed medical institutions that meet the basic medical insurance drug list, diagnosis and treatment items and medical service facilities standards shall be paid from the basic medical insurance fund in accordance with state regulations. If the insured really needs emergency treatment and rescue, he can seek medical treatment in a non-agreement medical institution; The scope of drugs that must be used for rescue can be appropriately relaxed. The specific measures for the administration of emergency and rescue medical services of the insured shall be formulated by the overall planning area according to the local actual situation.