PayPal will charge inactive accounts in Canada a $20 annual fee

Photo by Brett Jordan from PexelsIf you have a PayPal account, make sure to use it sometimes. The payment platform quietly added a $20 account inactivity fee in the country. The change was spotted in PayPal's Canadian User Agreement, which was updated on August 11. The note simply stated, "We are introducing an annual account inactivity of $20 CAD," effective November 20, 2021. Beyond this update, PayPal hasn't mentioned this upcoming change elsewhere. It hasn't said what it considers an inactive account, either.

If it follows the policy it implemented on UK accounts back in December, the criteria is you need to use your PayPal at least once within 12 months to avoid the charge. You can also take out any PayPal wallet balances you have because the payment platform won't charge credit or debit cards linked to your account. In the UK, the accounts approaching the one-year inactivity mark are warned via email. It isn't known if that will be the case for Canadian account holders, too. 

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