After you complete all the initial verification you have a limit of £1700 per year (anti-money laundering). Once you hit this limit you have to provide further verification (scans of photo ID etc.)
Before verification it is £1000 sending and £500 withdrawal (this limit does not fully reset annually).
For initial verification you need a card to set the account up, then add bank account and confirm deposits, then confirm location by phone or post.
As I said addition Identification will be required further down the line once you have reached a certain volume of sales (usually photo ID, statements with your address on and possibly supplier verification).
CaptainJack
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Is there an annual limit for UK accounts? 
