If you are a new account holder, you will be required to complete the certification requested by PayPal to comply with FATCA within 90 days of opening your account. If you don't complete it within 90 days, you will no longer be able to send funds from or receive funds into your account.
What happens if I don't provide the FATCA information PayPal requests?
If you are an existing account holder and you are required to provide additional documentation to ensure your status (as a U.S. person or a non-U.S. person) is properly documented for FATCA purposes, then you will be required to provide the requested information within 30 days from the date we request it or your account will be limited on day 30. The day 30 limitation will prevent you from:
- Sending funds from the account
- Closing the account.
- Sending funds from, or receiving funds into your account.
- Removing bank or card information
- Closing your account
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