Short answer - yes. If you have used your debit card to set up any recurring payments, then cancelling it will also stop these payments from being taken out of your bank account. If you imagine that your payments and your bank account are two different sides of a river, then your debit card is the bridge that connects them. Without your debit card, the payments cannot be taken out of your bank account, as the company will no longer have access to your funds. If you find yourself in a situation where you need to cancel your debit card, then you should contact any companies you have recurring payments with and let them know you are cancelling your debit card. By doing this, you can start implementing methods that can be used to pay these companies until you have a new debit card.