Reception Hall Deposit!!

Original post by MrsMichel07

Feb 27, 2005 02:00 AM

Hi I am looking to book my recp. hall soon and they said that we need to put $500 down to hold the date.

My FH and I are thinking of putting down much more(somewhat large amout) than that and I wanted to know how we should do that.

Should we pay by check, credit card.. I know definetly not cash.

Thanks

MrsMichel07 Posted: Feb 27, 2005 11:15 PM

Re: Reception Hall Deposit!!

Palebride... this is exactly what i was thinking!

I am thinking in the long run.

I understand the other brides when they said that I should hold off on paying so much money.

We are sure of our decision and want to pay this way so that we don't have to worry about the other vendors.

I am sure most of you know that it is hard and will be hard to pay for more than one vendor when crunch time comes! The FH and I figured that if we get rid of the big vendor then everything else will be easier.

marymoon Posted: Feb 28, 2005 01:00 AM

Re: Reception Hall Deposit!!

They say t not give THAt much. I wouldn't pay t off until it's closer to the date, because ocne they have all your $$, they have no reason to help you, etc. The less money they have of yours, the more they have to lose and the less you have to lose. Maybe put the money aside into a separate account and don't touch it, so you know you have the money aside to pay for it, but don't pay it until later.

We had to leave $6000 in the first few months after we signed...I feel like that's a LOT, but I am glad we have a big chunk of the wedding already paid for and out of the way..but still, don't overpay vendors. Earmark it ina separate account..also that way you're making the itnerest on it, not the catering hall! I didn't check your wedding date, but some banks have deals on 13 month CD's..put the money in there, so you know you can't touch it and then after the 13 months are over you'll be closer to your wedding date and you can pay it then..

I was also engaged in 2004! to may long engagement sister!

Bride2005 Posted: Feb 28, 2005 01:06 AM

Re: Reception Hall Deposit!!

WoW, only a $500. deposit... I wish I had that when we first booked!

We had a $5,000 deposit to book, then another $5,000 due 6 months b-4 the wedding. I have to check but I think I have another $5,000 3 months before and then the rest two weeks before.

Anyway, we paid by credit card....

cocoa Posted: Feb 28, 2005 05:40 AM

Re: Reception Hall Deposit!!

we left about $1000 and paid it by check. then it was about the same amount for another 4 months and then the balance.

CJStein Posted: Feb 28, 2005 09:47 AM

Re: Reception Hall Deposit!!

We booked ours w/ a credit card...we got a lot of rewards points for it!

laborday06 Posted: Feb 28, 2005 01:20 PM

Re: Reception Hall Deposit!!

You should be careful. Some halls only let you use a credit card payment once. So if you are using it for a deposit, but want to put more than $500 on it, make a bigger deposit. Or use another method, so that you can charge your card the final bill if that's how you are paying for it.

danielleb Posted: Feb 28, 2005 05:23 PM

Re: Reception Hall Deposit!!

I understand that you want your monthly deposits or future payments to be smaller, but I'd have to agree with the other girls who advise not to leave more of a deposit. The only reason I WOULD leave a bigger deposit is if I wanted to pay more with my credit card because a lot of halls only allow the first deposit to be paid with credit card. --But even then, you have to pay interest on the card, so I would make the required deposit and nothing more.