Looking for the Best Money Registry? Enter The Knot Cash Funds
If you're in the process of building your wedding registry, you probably want to make the most out of your wish list. We're talking about the very best kitchen appliances and luxurious room furnishings. But not all of your wants—like your dream honeymoon and house renovations—can be found in stores. Luckily, asking for cash is no longer taboo. In fact, The Knot Cash Funds are one of the best ways to make the most out of your registry. After all, your guests want to purchase gifts that'll actually get used—while china serving plates might sit in your cabinet until it's your turn to host Thanksgiving dinner, monetary donations will likely be spent right away.
Sold on the idea? Below, learn how to register for cash and get all of your pressing money fund questions answered.
In this article:
What's the best cash wedding registry?
The Knot has the best cash wedding registry—and we're not just saying that because it's ours. Because The Knot Registry is an all-in-one service, you can register for both physical and monetary gifts on the same wish list. With only one link to navigate, it's easy for you to manage your selections and convenient for your guests when it comes time to shop.
There's also plenty of versatility in what you can request through The Knot Cash Funds. While you can use it for your postwedding vacay, it's not your only option. You can dedicate monetary asks to anything you need, from home remodel contributions to date activities for you and your S.O. like a romantic dinner out or dance lessons. And, if you don't see exactly what you're looking for among the suggested fund options, you can create a fund with a custom purpose (like savings for a pet).
How does The Knot Cash Funds work?
The Knot Cash Funds setup process is really easy. First, you'll need to make an account on TheKnot.com, if you don't have one already. Doing so will allow you to use all of our wedding planning tools, including our Checklist, Budgeter, wedding website creator and, of course, our online registry store. These user-friendly tools will actually guide you through the entire registry experience, including setting up cash funds.
Cash funds look just like traditional registry items from The Knot Registry Store (think: cookware, towels, serving utensils and home decor). They're listed with a picture and price, but when users click on the block, they'll be directed to a custom product description written by you about what the fund is for.
There are no limits to how many cash funds you can add to your registry. For example, you can have one for roundtrip airfare for your honeymoon, one for your hotel, one for poolside drinks, one (or two) for special activities while traveling (like snorkeling or a couples massage) and so on. And remember, the funds don't just have to be related to your honeymoon. You can apply the same logic to a new home fund (appliance upgrades, a cleaning service, an interior decorator consultation) or to being tourists in your hometown (brunch for two, cooking classes or a fitness membership). And they'll all live alongside classic registry items and gift card requests.
You can create cash funds of any amount—whether it be a fixed ask or an option for guests to contribute whatever they desire toward your goal. Additionally, you have the option to hide said goal number from guests, if that's what you prefer. Then, you can continuously check how you're pacing toward your goal and who gifted what.
Finally, the checkout process for guests gifting cash is the same as if they were buying a physical item. As soon as a guest makes a donation to a cash fund, you'll get an email confirmation (so you can follow up with a thank-you note) and the money will be automatically transferred to your bank account. (More on that later.)
Does The Knot take a percentage of cash gifts?
The Knot doesn't take a percentage of cash registry gifts and it's entirely free to start a fund, link your bank account and share your registry. That said, there is a 2.5% transaction fee required by credit card companies for every complete purchase. Don't let this deter you, though! This fee is charged to your guests and is typically less expensive than the taxes and shipping costs associated with a physical gift. Plus, a 2.5% transaction fee is actually the lowest you'll find anywhere—we've checked. If the rate ever changes, The Knot will cover the costs, so your guests will only ever pay 2.5%. We've found that guests are more than happy to foot this small processing fee, which means that you get every penny of their monetary gift donated straight to your bank account.
How do you get your money from The Knot Cash Funds?
Now—the most important question—how and when do you get your money? As soon as a guest makes a contribution to your cash registry, you'll receive an email notification. From there, it'll take five business days for the contribution to be deposited into your bank account. This time frame is a safety and security measure to ensure that the money gets to you and only you. All of your information is handled with care and isn't used for any other reason besides transferring your monetary gifts.
Is a cash fund the same as a honeymoon fund?
When it comes to registering with The Knot, your cash fund can be the same as your honeymoon fund, but it doesn't have to be. The Knot allows you to combine all of your monetary requests in one spot. That means that you can create a fund for your postwedding travels along with a fund for a bathroom remodel, unique date nights or pet adoption fees. The cash fund ideas are endless. Because The Knot offers so many registry options, you and your S.O. will have no problem asking for the gifts you really want (and need). And, since your loved ones want to know that their gift will be appreciated and used, creating multiple cash funds will allow them to give a monetary donation that's guaranteed to make a positive impact on your newlywed life.
Sarah Hanlon contributed to the reporting of this article.