# Does Honeyfund Charge Fees for Receiving Gifts?

> Find out if there are any fees for receiving gifts and what to expect.

Source: https://help.honeyfund.com/en_us/does-honeyfund-charge-fees-for-receiving-gifts-SkOKnTLVex

Last updated: 2026-07-26T17:28:26.957Z

## Honeyfund is free to set up and free for your guests to give! 

_Your_ [**payment settings**](https://www.honeyfund.com/our-registry/edit/payments) _determine how gifts are received:_

*   **Honeyfund Wallet**  
    Gifts collect in your account until you choose how to redeem them.
    
*   **My Bank Account**  
    Gifts are sent automatically to your bank — no redemption required.
    

[**\[See your current payment setting here!\]**](https://www.honeyfund.com/our-registry/edit/payments)

You can update how you receive gifts from [**here.**](https://www.honeyfund.com/our-registry/edit/payments) Keep in mind that changes apply only to gifts given **after the update.** 

[**\[Learn more here.\]**](https://help.honeyfund.com/en_us/can-i-transfer-honeyfund-wallet-gifts-to-my-bank-S1xxnn5Lgl)

###   

### Fee-Free Redemption Options

Honeyfund offers fee-free ways to redeem gifts, including:

*   [**Honeyfund Prepaid Mastercard®**](https://help.honeyfund.com/en_us/categories/honeyfund-prepaid-mastercard-r1Vl7tcIxg) — fee-free to redeem and usable anywhere Mastercard is accepted
*   [**Nearly 300 digital gift card partners**](https://www.honeyfund.com/products/)  — redeemed directly with the brand

### What Are My Other Options?

*   [**PayPal or Venmo**](https://help.honeyfund.com/en_us/sending-funds-to-paypal-or-venmo-HkLmntqUge) redemptions include a 2.2% fee.
*   My Bank Account deposits are subject to standard Stripe fees.

\[Learn more about [**Honeyfund Wallet**](https://help.honeyfund.com/en_us/honeyfund-wallet-S1vjtYxVxe) and [**My Bank Account**](https://help.honeyfund.com/en_us/how-does-my-bank-account-work-SJyChtlVgx) options.\]

If you still have questions, please don’t hesitate to [**contact us**](https://honeyfund.kustomer.help/contact/member-success-HyPK9r30R) - we’re here to help!

Redemption via PayPal or Venmo is available to Honeyfund accounts in good standing with [**two-factor authentication**](https://www.honeyfund.com/our-registry/edit/twofactor) enabled and ID verification completed. Only one request may be submitted at a time. Requests must be in U.S. dollars, with a minimum of $100.00 and a maximum of $2,500.00 per request, and a combined lifetime limit of $10,000.00 across both PayPal and Venmo. Availability is limited and subject to approval. Processing typically occurs the next business day, but may take up to five (5) business days. Offer is available for a limited time and is not guaranteed. Redemption is subject to Honeyfund’s [**Terms**](https://www.honeyfund.com/terms) as well as [**PayPal**](https://www.paypal.com/vg/legalhub/paypal/useragreement-full) and [**Venmo**](https://venmo.com/legal/us-user-agreement/) terms. Additional fees may apply for business accounts. Please don’t hesitate to [**contact us**](https://honeyfund.kustomer.help/contact/member-success-HyPK9r30R) with any questions.