PayPal users have been warned that they could incur fees if their accounts are left inactive for more than a year.
Martin Lewis' Money Saving Expert website has alerted customers of the new charges, which will come into effect on December 16.
The fee charged will be £12 or the entirety of your PayPal balance. However, if you have no money in your account, you will not be charged.
The website explains: "From 16 December 2020, 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"PayPal defines 'inactive' as an account where the user hasn't sent, received or withdrawn money, or logged into their account.
"If your account has been inactive for over 12 months, the fee you're charged will be the lesser of £12 or your entire PayPal balance. If you don't have any money in your PayPal account, or your balance is negative, PayPal says you won't be charged a fee (even if you have a credit or debit card linked to the account)."
Money Saving Expert has said the fee can be avoided if you log into your account on or before December 15, meaning you have been 'active' and cannot be charged.
It reads: "At this point, if you don't use your PayPal account and don't want to risk being charged in future, you can simply close the account (once you're logged in, go to 'Settings' and select 'Close your account' at the bottom of the 'Account' tab).
"You can also keep the account open but transfer any money you have there into another account, as you won't be charged in future if your PayPal account doesn't have a balance. PayPal says it has no plans to close inactive accounts which don't have balances."
