The social security card can be used as a bank card, provided that the financial function of the social security card is activated and there are sufficient funds in the financial account. The Ministry of Human Resources and Social Security of the People's Republic of China issued the "Notice on Loading Financial Functions into Social Security Cards." The social security card loaded with financial functions not only has functions such as information recording, information inquiry, and business processing, but can also be used as a bank card, with financial functions such as cash deposits and withdrawals, transfers, and consumption. In order to promote financial services to people's livelihood and facilitate the masses to enjoy social security benefits and financial services.
Social security cards are widely used. Cardholders can not only use the card to seek medical treatment and conduct real-time settlement of personal medical insurance accounts, but also handle pension insurance matters; handle job registration and unemployment registration procedures; and apply for unemployment insurance. Apply for employment training; apply for labor ability appraisal and claim for work-related injury insurance benefits; handle labor and social security affairs online, etc.
Extended information:
The financial application of the social security card with financial functions is a RMB debit application and does not support the credit function for the time being. The card medium is generally a contact chip card, but there are also social security cards issued by banks whose medium is a contact and contactless dual-interface card. The social security card is temporarily transitioned to a composite card with a chip and a concealed magnetic stripe. The chip should also contain Human resources, social security applications and financial applications. The social security card adopts a unified national standard, and the social security number adopts the citizen identity number in accordance with the relevant provisions of the Social Insurance Law.
Baidu Encyclopedia - Social Security Card