The current policy of social security cards is to be used as a special Class I bank settlement account, with all the functions of a Class I account, without being included in the limit on the number of accounts opened, and without charging annual fees.

So, if you are in the Agricultural Bank of China and only have these two accounts, then there will be no annual fees.

Extended information:

1. There is no annual fee for the Agricultural Bank of China card. But it’s limited to first-category cards, and second-category cards still have to be charged. Credit cards also charge annual fees. The annual fee is waived if you swipe the Agricultural Bank of China credit card 5 times. Debit cards charge an annual fee, which has nothing to do with the number of times the card is swiped.

To apply for an Agricultural Bank of China debit card, the current fee is 5 yuan, and the annual fee is 10 yuan. The annual fee is usually deducted one month after applying for the card, and will be deducted in the same month every year thereafter. Annual fees are waived for the six types of debit card accounts signed for payment of wages, pensions, subsistence allowances, medical insurance, unemployment insurance and housing provident funds. In addition, if the Agricultural Bank of China debit card is not activated, there will be no annual fee. After 2017, the first bank card of each bank will not charge an annual fee. Currently, online banking is free, and K-Bao is also given for free, and there is no annual fee for Agricultural Bank of China’s online banking.

The difference between Agricultural Bank of China’s savings card and debit card:

1. The number of digits in the card number is different

The debit card has 16 digits and the debit card has 19 digits. digits,

2. The numbers are in different forms

The numbers on the debit card are protruding and feel good to the touch; the numbers on the debit card have printed fonts, which feel soft to the touch. No sense of bulk.

2. As early as 2011, the China Banking Regulatory Commission, the People's Bank of China, and the National Development and Reform Commission jointly issued the "Notice on the Exemption of Certain Service Charges by Banking Financial Institutions", requiring banking financial institutions to Starting from July 1, 2020, 34 service charges in 11 categories for RMB personal accounts will be exempted, including annual fees for specific accounts such as salary and small account management fees, bill printing fees, password modification and password reset handling fees, etc.

However, the annual bank fees were not canceled following the notice, and all four major state-owned banks continued to charge annual fees. Medium-sized comprehensive commercial banks such as Minsheng Bank, Industrial Bank, China Everbright Bank, China Merchants Bank, Ping An Bank, Shanghai Pudong Development Bank, and CITIC Bank all have no annual fees.