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Default Depositing Funds from Bank to PP? how?

Two questions guys:

1 ) If I deposit funds from my UK bank account to my Australian PayPal account, via bank transfer, will I be hit with the limit of 2500/$/ that requires proof of ID and proof of address like it happens on PayPal UK?

2) Will my PayPal work even if there is no credit card nor bank account attached to it but only these funds transferred regularly from my bank account to PayPal?
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