1. The social security card has two accounts, namely the social security account and the financial account.
2. Social security account: it is a special account for cardholders to enjoy basic medical insurance for urban workers. The account has no transfer or cash withdrawal function, and the cardholder can only use the card on the special equipment set up by the designated medical institution.
3. Financial account: it is an account where cardholders receive pension, unemployment, work injury and maternity insurance benefits, and it can also be used as an account where employers pay wages or individuals pay insurance benefits. The above funds can be withdrawn. In other words, this wealth management account is actually an ordinary savings card account.
In addition, many banks are exempt from account management fees when using social security cards to access banking services after cardholders activate their financial accounts, and they can only use social security cards as "savings cards" after activation, so don't forget to activate financial accounts with social security cards.