The reason why ICBC requires a credit card to apply for housing provident fund;

A bank card with multiple functions such as housing provident fund deposit certificate, account inquiry, and bank debit card.

The housing provident fund joint card is a valid certificate issued to employees who pay housing provident fund. The Housing Provident Fund Management Center requires that payment units shall not refuse to apply for joint housing provident fund cards for employees for any reason.

Employees can check their personal housing provident fund account information in real time, and at the same time, they can supervise whether the unit has paid the housing provident fund in full and on time, and they can also check the balance of the housing provident fund.

Extended information

The housing provident fund joint card is a valid certificate issued to employees who pay and deposit housing provident funds. The housing provident fund management center requires that each depositing unit shall not refuse to accept the deposit for any reason. Employees apply for joint housing provident fund cards.

Employees can check the information of their personal housing provident fund accounts in real time, and at the same time, they can supervise whether the unit has paid the housing provident fund for themselves in full and on time. In addition, they can also check the balance of the housing provident fund. In addition, co-branded cards can also handle various banking services such as deposits, withdrawals, salary issuance, transfers and remittances, and card consumption.

Baidu Encyclopedia-Housing Provident Fund Co-branded Card