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Lifting PayPal withdrawal limit

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Hey everyone. I apologise if this is in the wrong section. I've added all my details required by PayPal for the account set up. I wanted to ask how long does it take for PayPal to communicate with the bank and set up the Direct Debit? Having the direct debit set up I believe will remove the current withdrawal limit. I've been told it is several days, is this true?

Edit: I'm from the UK if that will help.:)

Edit 2: I Apologise i actually want to lift the current receiving limit.
 
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If I recall correctly, soon as you add a bank account they will debit the account for a tiny amount within 24-48hours and there will be a "code" on the debit transaction reference details, then u simply add that code to ur Paypal verification area and your account should be verified and the limit removed. I would imagine that the 24-48 hour window doesn't count weekends. So I'm assuming it would be business days only.
 
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I've entered the code that you've mentioned @deez007 and PayPal stated that it was successful, I received an email to say "bank funding" was successful and was told it would take a few days, which after I will be able to add funds to my PayPal and subsequently remove the limit. I was curious as to how long it would take. Thanks for your input.:)
 
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