Deposit situation

posted 3 years ago in Money
Post # 3
1888 posts
Buzzing bee
  • Wedding: August 2014

Read the terms of your contract, but usually it is.  PS it is almost always non-refundable and locks you into that date and time.

Post # 4
11604 posts
Sugar Beekeeper
  • Wedding: November 1999

Generally, your deposit is used to hold your date, and is applied to the full price of the event.  So yes, in your situation, a $300 deposit on a $3,000 venue would usually mean a $2,700 payment is the remainder.  However, you do need to read your contract to make sure that’s the case, and know whether or not this deposit is refundable. 

Post # 5
736 posts
Busy bee
  • Wedding: March 2014

My $500 venue deposit was not applied to the overall cost and will be returned after the wedding.

Post # 6
720 posts
Busy bee
  • Wedding: March 2014

Our deposit was put towards the final amount, but we didn’t know what the exact final number was until actually last friday. Once our counts went in we got the final amount.  So read your contract carefully so you don’t end up with a surprise payment!

Post # 7
9859 posts
Buzzing Beekeeper
  • Wedding: May 2014

@Doralise:  all of our deposits count towards the end cost of the wedding – but read your contract.

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