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Paypal does not allow account holders under the age of 18.
PayPal asks for a birth date when you register so whilst you can make a PayPal account with false information the account will need to be verified to accept funds into your balance or lift any limits.
As you would be unable to verify your account it would be locked for further use.
That account is basically fried and you can never use it as it was an illegal underage account.
Minors can’t enter legal contracts so you may not have any recourse to get your money back until you were 18.
HOWEVER as you are now of age then yes open a new paypal account and paypal will then 'transfer' the funds to your new account.
Well they do not have to transfer the funds although they often do as a goodwill gesture.
But sadly thats what happens if you trying breaking rules and opening legal financial accounts with fake info. 😥