Need to access the money from your Cash Fund given as gifts from friends and family on The Knot Registry? Not to worry, we have the how-to guide! In this post, we’ll show you how to seamlessly transfer funds from The Knot registry directly into your personal bank account to use towards your honeymoon, down payment, and more!
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How To Transfer Funds From The Knot to Bank Account
The steps to transfer cash funds from The Knot directly to your bank account is very simple!
Note: The Knot deposits cash funds directly to your bank account after every time a contribution is made.
The first thing you’ll need to have is your registry already set up (of course). Once you’re ready to withdraw and transfer your funds to put them to use, move on to step 2.
Head on over to the “Bank Details” section of your registry and link your checking account by providing the bank details.
Note: Savings accounts are not eligible for withdrawals according to The Knot. Plus, many savings accounts charge a fee if you withdraw from them.
Once you’ve set this up, you now have a place for your cash funds to land when it’s gifted.
Hit “Save” and you’re all set!
When friends and family gift you money on your registry at The Knot, the funds will now directly land in your designated bank (checking) account.
And it’s important to note that some deposits can take up to 5 business days to appear in your bank account. This is for security measures on your bank’s behalf.
Read also: How To Add Gift Cards To The Knot Registry
When Will The Funds Deposit In Your Account?
As soon as a friend or family makes a cash contribution to your registry, The Knot will immediately notify you via email.
From there, it’ll take one week (5 business days, not including holidays or weekends) for the cash contribution to land in your bank account.
This time frame is for security measures on your bank’s behalf.
But you don’t need to wait until the cash lands in your checking account to thank your guests. You can send them a thank-you note right from the moment the contribution notification lands in your inbox.
Read also: How Does The Knot Make Money?
Can I Save My Cash Contributions and Withdraw at a Later Date?
As of now, The Knot cannot hold cash contributions to be withdrawn at a later date.
Instead, cash contributions are deposited into your designated bank (checking) account as soon as a contribution is made.
Are Foreign Credit Cards and Bank Accounts Accepted?
At this moment, The Knot Cash Fund supports USD transactions only.
There are plans to expand in the future, but no other details were provided.
Can We Hide The Total Goal Amount From Guests?
Yes, you can hide the total goal amount from guests when you set up your Cash Fund on The Knot.
When adding your fund, choose “Any amount”.
After you input the total goal, select the option that you’d like to keep this goal a secret and no one will be able to see the total goal amount!