Weddings can often times get expensive. So you may be looking for ways to avoid having to drain your pockets… especially with your honeymoon fund. In this article, we’ll take a look into exactly how much does Zola take from honeymoon fund and how much you really get to keep at the end of the day.
|Here’s The Short Answer
|Zola has a 2.5% credit card processing fee on their honeymoon funds. This fee is collected by the credit card companies and not Zola. You can choose to have your guests pay the fee, or you can absorb it on their behalf.
Read also: What is a Wedding Gift Registry?
How Long Does Zola Take To Transfer Honeymoon Funds To Your Bank Account?
If you plan to open a wedding registry and turn it into a cash fund to help pay for an unforgettable experience, you might be wonder exactly how long does it take to get that money into your bank account.
For your honeymoon fund, you have the option to have the money transferred to your bank account whenever you receive a contribution, or all at once at the end.
It’s important to note that these transfers are not automatic (more on this in the next part).
Your first transfer can take up to 10 business days.
All of the following transfers shouldn’t take any longer than 2-4 business days.
And the good thing is that Zola will send you a notification anytime funds get transferred to your bank account.
Read also: The Knot vs Zola: Head-to-Head Comparison
Does Zola Automatically Deposit Honeymoon Fund Contributions Into Your Bank Account?
No, Zola does not automatically deposit your honeymoon fund contributions into your bank account.
But you will be notified when you receive a contribution to your honeymoon fund.
At that point, you can choose to transfer your funds directly to your bank account whenever you want..
Can You Hide The Total Amount of Your Honeymoon Fund From Guests on Zola?
Yes, you can hide the total amount of your honeymoon funds from guests when using Zola.
You can set the total amount you’re looking to receive and guests are able to contribute however much they want without seeing that total amount.
But if a guest wants to contribute more than the total amount you’ve set, they’ll be prompted to contribute a lower amount.
Can You Register To Receive Both Cash Gifts and Physical Gifts on Zola?
Yes! There’s plenty of flexibility when it comes to having a wedding registry on Zola.
You can choose to have a traditional registry and throw in some additional personal gifts, specific experiences, honeymoon funds from other stores, and you can even add registries from other stores.
All of this is placed onto one convenient page for guests to see and contribute to.
Can You Use Honeymoon Funds to Purchase Gifts from Zola’s Store?
Yes, you can use your honeymoon funds from Zola to purchase gifts on their storefront.
When you receive honeymoon funds, you’ll have the option to transfer them to your bank account or turn them into Zola store credit and receive a 5% bonus.
Then you can take that store credit and browse through their 80,000+ gift options.