I'm not sure how it is in the US, but if you cancel a bank account here in Europe, you're supposed to add your new bank account number so that they can transfer

I'm not sure how it is in the US, but if you cancel a bank account here in Europe, you're supposed to add your new bank account number so that they can transfer your remaining balance there. The issue with PayPal is that you don't have any rights when it comes to your money. If they lock you out, as far as I can tell, your money is just gone (or in order to even have a chance of getting it back, you'd have to go to court).