Martin Lewis has issued an urgent warning to anyone with a PayPal account.
The money saving expert, who makes regular appearances on ITV's This Morning and The Martin Lewis Money Show, has urged customers to be aware of a new fee.
The financial guru updated his followers on his popular Twitter account.
He wrote: "Paypal users warning. It is going to introduce a £12 inactivity fee."
It means customers could see money taken from their accounts if they don't log in, reports Manchester Evening News.
Explaining further, Martin then directed people to his MoneySavingExpert.com newsletter, which outlines why PayPal has made the change and how to avoid being caught out.
All anyone with a PayPal account has to do is log into their account or make a transaction before December 15. From December 16, PayPal users will be charged the fee if their accounts have been inactive for at least 12 consecutive months.
PayPal defines "inactive" as an account where the user hasn't sent, received or withdrawn money, or logged into their account.
However, Martin stresses that if the user doesn't have any money in their PayPal account, or the balance is negative, you won't be charged a fee, even if you have a credit or debit card linked to the account.
It won't catch you off guard though, as PayPal has confirmed it will warn inactive users 60, 30 and seven days before they are charged.
If you don't use the account, however, the simple option is to close it.
Looking for more Martin Lewis tips? The owner of Money Saving expert recently revealed how to save £128 on Christmas gifts at boots. You can find out more about the clever hack here.
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