What is the use of social security card to open the financial function

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Participants can purchase medicines at designated medical institutions and designated pharmacies, and settle the related costs in real time; retirees can also receive pensions through the card; employees can make social security contributions and bank deductions as well as social security information query functions, including basic personal information, pension insurance, medical insurance, unemployment insurance, work-related injury insurance, maternity insurance, etc., and enjoyment of benefits.

At the moment, the social security information query function is not available.

At present, the social security card loaded with financial functions can be used as an ordinary bank card while it has the basic functions of social security card such as information record, information query and business handling. In the future, the social security card can also be used in cash access, transfer, consumption and other financial applications.

In addition to the basic social security functions, the distinguishing feature of this card is that it carries financial functions. The financial function of this social security card can be simply understood as a bank card with the same function as a general bank debit card, which has the UnionPay logo and is used as a bank debit with financial functions such as cash deposit and withdrawal, money transfer, consumption and wealth management. It is currently exempt from account management fees and annual fees, but is limited to use within the country.

The preset initial password for the financial function of the social security card is 888888, and financial services other than deposits cannot be handled before the initial password is changed. If you want to enable the financial function, the cardholder should go to the counter of the branch with his/her valid ID to improve the basic personal information data and modify the password before he/she can handle the funds expenditure business such as withdrawal, transfer, consumption, and so on. Financial function password reset must be handled through the bank branch counter channel. In case of loss, cardholders need to go to the social security center to lose their social security accounts and bank branches to lose their financial accounts at the same time. Cardholders can also choose not to open the financial function at present, but the future pension may be paid through the card, the payment of pensions, then the cardholder needs to open the financial function.

Special reminder to the cardholder, because the social security card has a more comprehensive personal information, including the cardholder's personal more comprehensive identity information, such as photographs, ID card number, etc., the cardholder needs to be properly stored, do not easily lend.