Does anyone have any experience with the above account ? I'm thinking of opening one to pay for an upcoming wedding . I intend to drawdown amounts of money as I need it . Although I have heard that after your initial drawdown you cannot draw down more until you've repaid at least Euro 1,000 even you've already been approved for a higher amount -is this true?
Although I have heard that after your initial drawdown you cannot draw down more until you've repaid at least Euro 1,000 even you've already been approved for a higher amount -is this true?
That is correct. So my advice would be to draw down enough initially so you won't have to worry. Don't do what I did draw down the total approved amount by mistake - once it's in your account it's very tempting to just spend it !!!