Legal analysis: the company will open an account for you in your local housing provident fund management center, and put money into this account every month, which will be supervised by the provident fund management center. When the withdrawal conditions are met, an application shall be submitted to the provident fund management center. After the application is approved, the money will be transferred to your provident fund bank card.

Legal basis: Article 13 of the Regulations on the Management of Housing Provident Fund, the housing provident fund management center shall set up a special account for housing provident fund in the entrusted bank. The unit shall go to the housing provident fund management center for the registration of housing provident fund deposit, and after being audited by the housing provident fund management center, set up a housing provident fund account for its employees at the entrusted bank. Each employee can only have one housing provident fund account. The housing provident fund management center shall establish a detailed account of employee housing provident fund to record the deposit and withdrawal of employee individual housing provident fund.