Cancelling a bank card is equivalent to withdrawing social security.

After the cancellation of the bank card, many times its bound social security will not be returned together. After the bank card bound by the social security card is cancelled, the original social security card can be cancelled, and then a new bank card can be applied for binding the social security card. The cancellation method of social security card is as follows: to cancel the original social security card, you can apply for cancellation at the card-making bank with your ID card. After the cancellation of the social security card, it has no effect on the five-year basic old-age insurance you paid in the form of land acquisition and rural conversion.

Legal basis: Article 15 of the Social Insurance Law of People's Republic of China (PRC) stipulates: "Unless otherwise stipulated in this Law or in the insurance contract, the insurer may not terminate the insurance contract after it is established." If the applicant applies for surrender and has paid the insurance premium for more than two years, the cash value of the insurance policy will be refunded. If the insurance premium is not paid for two years, the insurance premium will be refunded after deducting the handling fee according to the contract. Although the insured can terminate the insurance contract, there are certain restrictions.