Yes, by adding a credit card to your Paypal account.
Before, I had only my bank account verified in my Paypal account. Then, I had some money, over $500, credited to my account. When I requested to transfer the cash to my bank account, Paypal limited my transfer to some $250 per month or so. At the same time, it informed me that I could lift the limit by adding a credit card in my account. I followed the direction and added a cc, and I was able to transfer all my money right away.
Of course, if I decide later to delete my credit card from my Paypal account, I can do so without any problem.