New Social Security Cards to Have More Integrated Financial Functions

New Social Security Cards to Have More Integrated Financial FunctionsThe city human resources and social security bureau is planning to issue new social security cards that have an integrated financial functions starting in August 27. Although resident that have the integrated circuit social security cards will can still use their cards since it will be working for the next here years.

the current integrated circuit social security cards is used for paying medical bills, the new social security cards will have a multipurpose as it will be covering a wider range of services such as business processing, information inquiry and information recording. The new card will look like a debit card that will offer individual account payments services such as withdrawals, point of sale and deposits. The card will also have the insurer’s personal and banking information printed on one side then the country’s national emblem in the other.

Residents that are covered by social security can apply for a financial social security card, except college students, school children and minors. Those already owning a integrated circuit social security card can apply for the upgraded version from any of the 12 authorized banks. No charges will be applied from the first application but each additional card will be charged with 20 yuan.

Those applying must show valid identification certificates, Chinese mainlanders must show their original ID card and a copy of their ID, Taiwan, Hong Kong and Macao residents should show an entry permit and valid work permit before applying, while expats needs to provide a copy of their passport, permanent residence permits and a valid work permit.

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