Provident fund withdrawals need to be bound to a Class I debit card from China Construction Bank, Industrial and Commercial Bank of China, Bank of China, Agricultural Bank of China, Bank of Communications, Rural Commercial Bank, and China Guangfa Bank.

When a depositing employee handles the housing provident fund withdrawal business, he or she binds a first-class debit card of the city's housing provident fund depositing bank as a housing provident fund collection card, and the withdrawal amount will be directly transferred to the bank card bound to the employee.

Notes on using provident funds: 1. Because provident funds can only be used for loans, when applying for a provident fund loan, the borrower must be able to provide a house purchase contract and a down payment note.

Note that the provident fund cannot be withdrawn at will, so it cannot be used as a down payment; 2. According to experts from Qijia.com, many borrowers cannot afford the entire loan because of the provident fund limit, so they want to use the provident fund loan of their relatives. Note that only

Couples who can provide a legal marriage certificate can only use it together, and immediate family members are not allowed; 3. According to the provident fund management regulations, you can also apply to withdraw provident fund payment for major repairs, but the major repairs mentioned here refer to the repair costs exceeding the house.

Thirty percent of the total price, so it must be noted that provident funds cannot be used for decoration of ordinary commercial houses; 4. When applying for a loan, the loan amount needs to be considered comprehensively from all aspects, and the amount of provident funds used cannot exceed the loan amount

Even if there are sufficient funds in the account, the remaining funds cannot be withdrawn for use.

To sum up, the applicant should present the personal housing provident fund passbook (copy) of employees of canceled households and retained households, and the employee’s personal ID card (copy) to the housing provident fund management center (or management department) where the canceled household is located for review.

Legal basis: Article 66 of the "Social Insurance Law of the People's Republic of China" establishes a budget for social insurance funds in accordance with the overall planning level.

Except for the basic medical insurance fund and maternity insurance fund budgets, which are compiled together, other social insurance fund budgets are prepared separately according to social insurance items.