If you no longer need to use your own bank card that is not bound to other businesses, you can take the bank card to the bank to cancel the account.

This is for the security of the bank card and to prevent it from being used by bad people (such as money laundering, etc.).

Keeping unused bank cards in your own hands is a waste of resources and may incur a small management fee.

By canceling the account at the bank, you can free up the account and avoid the bank system from managing the account.

Extended information:

Bank cards reduce the circulation of cash and checks, allowing banking business to break through the limitations of time and space and undergo fundamental changes. The application of the bank card automatic settlement system has made the dream of a "checkless, cashless society" a reality.

On April 22, 2019, China UnionPay released the "China Bank Card Industry Development Report (2019)".

Bank card core replacement:

Bank card core replacement is because the track information of traditional magnetic stripe cards is easy to be copied and there are security risks. In contrast, chip cards have key encryption technology and the encrypted information is randomly generated. Wang Yu, a senior risk expert at China UnionPay, said that there has never been an actual case in the world where chip bank cards have been copied, leading to counterfeit card fraud.

Before October 31, 2014, all card-issuing banks and acquiring institutions will close the function of magnetic stripe swiping in domestic POS channels using chip-magnetic stripe composite cards, and will only use chips for transactions; from 2015 Starting from now, various banks will gradually stop issuing magnetic stripe cards and only issue chip cards.

Bank card binding business:

From the contract signed between the bank and the customer, the bank requires the customer to replace the original magnetic stripe card with a chip card, which is a violation of the original contract. Unilateral changes should be negotiated with consumers and minimize the adverse impact on consumers. Bank card replacement will cause a lot of inconvenience to consumers. For example, card replacement is time-consuming and labor-intensive, and original bound transactions need to be readjusted due to changes in card numbers. Banks should adhere to the principle of consumer first and try their best to upgrade cards without changing numbers. Way.

It should be reminded that although many banks have launched the "replace core without changing number" service, it is only available for certain bank cards and customer groups. Many banks reminded that when changing cards, the card number will be changed at the same time. Citizens should pay attention to the fact that some services previously bound to bank cards need to be re-processed, such as water, electricity, gas, housing loans, car loans and other withholding services, as well as bound credit card accounts, Alipay Accounts, securities accounts, etc. must be re-opened as soon as possible.

Account cancellation refers to the abbreviation of canceling the bank account of the account opening unit. When a bank account is required to be canceled due to reasons such as the cancellation, merger or relocation of an organization, the account cancellation procedures should be completed with the bank where the account was opened. When canceling the account, the unit must check the deposit (loan) account balance with the bank, then settle the deposit (loan) balance with the relevant vouchers issued by the unit, and return various blank important vouchers at the same time.

After the account is closed, the unit that canceled the account shall be fully responsible for all problems arising from failure to return blank important vouchers. When a current savings deposit account requires the account to be settled, the passbook must be withdrawn and canceled.

Closing your credit card account is something you must do if you no longer intend to use it. If you do not cancel your account, the bank will charge you the annual fee for the credit card.

As long as there is no overdraft on the card, you can apply for account cancellation at any time.

If your card has not expired, you need to apply first and go to the bank after a certain period of time to cancel the account;

If the card has expired and the account balance is zero, Then you can directly go to the designated bank outlet to complete the account cancellation procedures.

When canceling an account, you should bring the original valid identity document and card. If it is inconvenient for you to go through the account cancellation procedures, someone else can do it for you. The agent must hold a power of attorney written by the principal (in person) and bring the original valid identity document to handle the account cancellation business.

If your card has not expired when canceling a credit card account, some banks stipulate that you need to go to a designated outlet to handle the card collection business, and then go through the formal account cancellation procedures after a certain period of time (up to 30 days) .

This is mainly because if the cardholder has made a manual card pressing transaction before canceling the account, the cardholder has already canceled the account before the merchant has submitted the card pressing slip to the bank for entry into the account. , so the bank will not be able to liquidate normally; on the other hand, if the cardholder consumes or withdraws cash overseas, it may take a few days to be liquidated. If the account is closed immediately, it will also affect the normal liquidation of the bank.

Baidu Encyclopedia - Bank Card

Baidu Encyclopedia - Account Cancellation