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PayPal review

Updated September 29, 2026 · SumCue Editorial Team · Facts checked September 29, 2026

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Our verdict

PayPal suits savers who already use its wallet and want flexible access alongside everyday spending on a linked debit card. The easy access account pays interest at 3.3% on a variable rate, with account upkeep at $0 and card spending abroad charged at 2.5%.

Key facts

Best for
Flexible wallet saving with linked debit spending
Monthly fee
$0↗
Currency conversion fee
2.5%↗
Card type
Debit↗
Card network
Mastercard↗
Legal entity
PayPal, Inc.↗
Headquarters
United States↗
Support channels
Phone, Help-centre↗
Features
Virtual card
Official website
paypal.com

Savings

Headline rate
3.3%↗
Rate type
Variable↗
Minimum deposit
$0↗
Access terms
24/7 online access with transfers to PayPal balance↗
Account kind
Easy access↗
Pricing model
No monthly fee

Facts checked September 29, 2026, 4 sources

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
WikidataWikipediaXLinkedInTrustpilot

Pros and cons

Pros

  • No monthly charge to keep the account, at $0 under a no monthly fee model
  • Easy access saving at 3.3% with variable rate type and easy access access
  • Linked Mastercard debit on Mastercard with virtual card use through virtual card
  • Minimum to start saving at $0, free for new savers

Cons

  • Currency conversion on card use runs 2.5%, above options such as eToro at 0%
  • Support runs on phone and help centre only, without wider contact routes
PayPal

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Scored 8.7 / 10 by SumCue.

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Who it suits

  • Wallet users seeking easy access saving beside everyday debit spending
  • New savers starting free with $0 and flexible access
  • Shoppers wanting virtual card use via virtual card on a linked balance

Who should look elsewhere

  • Frequent travellers abroad, as eToro charges 0% for conversion against PayPal at 2.5%
  • Cost focused spenders abroad, as Bitpanda charges 0% for conversion against PayPal at 2.5%

The company behind it

The account is provided by PayPal, Inc., based in the United States. Help is available through phone and help centre, covering phone and help centre contact. That setup suits users comfortable managing money online with help through those stated routes for everyday questions about balances, saving and card use.

How PayPal compares

Where PayPal is available

Available
United States

Countries from the brand (Source, checked September 29, 2026)

Frequently asked questions

Is there a monthly fee to keep the account?+

There is account upkeep at $0 under a no monthly fee model. That keeps ongoing holding costs low for savers who leave balances in place. Card holding does not add a separate monthly charge within the stated model.

What is the currency conversion fee for card use?+

Card use abroad carries conversion at 2.5%. That charge applies when spending in currencies other than the account currency. Travellers who spend abroad often may compare this with eToro at 0% and Bitpanda at 0%.

What interest does the saving balance pay?+

The account pays 3.3% with a variable rate type and easy access access. The rate may move over time rather than staying fixed. Savers seeking flexible access may find that structure useful for short term goals.

Is there a minimum deposit to start saving?+

The minimum to start saving is $0, which is free to start. That allows new savers to open and add funds without meeting a threshold. It suits testing the account before moving larger balances across.

What type of card is linked to the account?+

The linked card is a debit on Mastercard, with virtual card use through virtual card. That allows everyday spending directly from PayPal funds. It suits wallet users who want card access without opening a separate current account.

How can customers get help with the account?+

Support is offered through phone and help centre, covering phone and help centre routes. That allows direct help with account, saving and card queries. Users who prefer chat or in person help may need to rely on the stated routes instead.

Sources

Compiled from 4 source pages, checked September 29, 2026. We did not open an account.

Not confirmed yet: Free ATM withdrawals, Protection.

PayPal

PayPal

Flexible wallet saving with linked debit spending

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