A system pressure actuated charge compensator for use with a heat pump having a liquid service valve and a vapor service valve. The charge compensator comprises a holding tank having first and second ports, a first pressure tap coupled to the first port and removeably coupleable to the vapor service valve, and a second pressure tap coupled to the second port and removeably coupleable to the liquid service valve. A heat pump system and a method of manufacturing a charge compensator are also provided.