The opening bank of the social security card refers to the specific opening bank outlets of the financial account corresponding to the social security card. An account bank refers to a business outlet that handles account opening procedures. Refers to the bank that opens a bank account. That is, the first time you apply for a passbook or bank card and issue it to your bank, the passbook will be registered, usually referring to a branch.

An enterprise can only have one basic account in a bank, but it can have multiple general accounts in different banks. Basic account can withdraw cash and handle transfer and remittance. Ordinary accounts can only handle transfer or remittance settlement business, and cannot withdraw cash. This account can handle cash receipt and payment and daily transfer settlement. According to the regulations on account management of the People's Bank of China, a unit can only choose one bank to apply for opening a basic deposit account. This account can handle transfer settlement and cash deposit, but it cannot handle cash withdrawal and salary payment. The company can open the account in a bank outside basic deposit account; Or although it is a non-independent accounting unit, but it is not in the same place as the competent unit, it can apply for opening this account with the consent of the competent unit, so as to handle the settlement business separately. The information required to open a RMB general deposit account is the same as that of basic deposit account. Basic account can withdraw cash, but general accounts can't, so there is no difference in other functions. In international trade, if payment is made by letter of credit, the bank usually refers to the bank where the buyer deposits and applies to the beneficiary to open a letter of credit. This bank is this bank.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 64 Social insurance funds include basic old-age insurance funds, basic medical insurance funds, industrial injury insurance funds, unemployment insurance funds and maternity insurance funds. All social insurance funds shall be accounted for according to the types of social insurance, and a unified national accounting system shall be implemented.

The social insurance fund is earmarked for special purposes, and no organization or individual may occupy or misappropriate it.

The basic old-age insurance fund will gradually implement national overall planning, and other social insurance funds will gradually implement provincial overall planning. The specific time and steps shall be stipulated by the State Council.