The Best Way to Pay for a Destination Wedding

The best way to pay for a destination wedding is via an online money transfer specialist. For example, with MTFX, you can enjoy your big day abroad without unnecessary costs.

Destination weddings are a popular, appealing choice for a good reason. For starters, a faraway wedding can be the stuff of fairytales. After all, it's easy to plan the perfect wedding when you have a range of stunning locations.

A destination wedding can save costs by combining a smaller guest list with an affordable package. The good news is you can unlock additional benefits and save time, hassle, and more money by taking advantage of the best way to pay for a destination wedding.

How much does a destination wedding cost?

Planning a destination wedding is a dream for many couples, combining the romance of a wedding with the excitement of travel. The cost of a destination wedding can vary widely depending on several factors, such as the location, the size of the guest list, and the level of luxury you desire.

Some couples opt for a simple ceremony on a beach with just a few close friends and family, while others envision a grand celebration in a historic castle with all the bells and whistles. When budgeting for your destination wedding, it's important to consider the following:

Travel expenses: This includes flights and accommodations for you and potentially for your guests. Many couples cover at least part of the travel expenses for their immediate family members.

Venue costs: Whether you're exchanging vows on a secluded beach, in a lush vineyard, or at a luxurious resort, the venue will be one of your most significant expenses. Remember that some venues offer all-inclusive packages, which can help simplify planning.

Wedding attire: Consider the cost of your dress, suit, or any special attire needed for your chosen destination. For instance, a beach wedding might require lighter, more casual attire than a traditional church wedding.

Local vendors: Hiring local vendors for photography, floristry, and catering can sometimes save money, but it's essential to do your research. Make sure you find reputable professionals who can bring your vision to life.

Legal requirements: Each country has its marriage laws, which might require extra paperwork, fees, or a waiting period. It's worth looking into these details early to avoid any last-minute surprises.

Guest experience: If you invite guests, consider the overall experience you want them to have. This could include welcome dinners, excursions, or even small gifts to show your appreciation for their journey.

Contingencies: Finally, always plan for the unexpected. Whether it's a sudden change in weather or a last-minute hiccup, having a cushion in your budget can save a lot of stress.

Are destination weddings cheaper than traditional weddings?

The cost of a destination wedding can vary widely depending on your choices. Still, in many cases, a destination wedding can be more affordable than a traditional wedding at home. Here's why:

Smaller guest list: One of the biggest reasons destination weddings can be cheaper is that the guest list is often smaller. Not everyone can travel, which naturally limits the number of attendees. With fewer guests, you spend less on food, drinks, and other per-person costs.

All-inclusive packages: Many popular destination wedding locations offer all-inclusive packages that can be more cost-effective than organizing every element separately. These packages often include the venue, catering, basic décor, and sometimes even photography and entertainment.

Beautiful locations: The natural beauty of your chosen destination often means you don't have to spend as much on elaborate décor. Whether you're getting married on a beach, in a vineyard, or at a picturesque mountain resort, the setting provides a stunning backdrop, reducing the need for expensive decorations.

Combined wedding and honeymoon: Since you're already in a beautiful location, you can often combine your wedding and honeymoon in one trip, potentially saving on the costs of planning a separate honeymoon.

Simplified planning: Many resorts and venues specializing in destination weddings offer on-site coordinators to help with all the details. This can save you time and money compared to hiring a wedding planner or coordinating multiple vendors.

That said, the cost of a destination wedding can add up depending on travel expenses, the exchange rate, and how luxurious you want your celebration to be. Additionally, covering some or all of the travel and accommodation costs for key guests can also increase the overall price.

What's the best way to pay for a destination wedding?

The most common payment options for a destination wedding are using your credit card or a money transfer service. Credit cards are great if you have a card with 0% interest on purchases, but some vendors only accept transfers to their bank accounts. This is normal with large transactions as the vendor may want to protect themselves from credit card fraud.

You may face foreign transaction fees even if the vendor accepts credit card payments. A better alternative is to find a trusted company that offers the cheapest and safest way to send money internationally. Unfortunately, this won't be your bank because banks are usually the most expensive transfer providers.

An online money transfer specialist is typically the best option. You can save as many dollars as possible regarding fees and exchange rates while ensuring the money gets to your vendors correctly and safely. In addition, sending money abroad online is quick and easy, saving you time and a lot of hassle. If you use MTFX, you can pay for a wedding planner, accommodation, venue fees, and more anytime, anywhere, in a few clicks.

Why do exchange rates matter when paying for a destination wedding?

Protecting your spending from exchange rate fluctuations and markups is essential when transferring thousands internationally. The exchange rate matters because it's one of the most significant factors affecting the cost of your transfers. 

The first solution to the problem of exchange rate markups is to avoid banks since they add a margin on top of the real, mid-market rate. Instead, use a currency transfer specialist like MTFX that offers the real exchange rate with no hidden fees. Specialist providers offer more than just friendly service—they're transparent about their fees, ensuring there are no surprises.

The second solution to the problem of exchange rate fluctuations is to use foreign exchange tools, such as forward contracts, to lock in a desirable exchange rate for a long time. That way, you can protect your budget and save hundreds or thousands should the exchange rate move against you before your big day.

10 tips to save money on a destination wedding

A dedicated money transfer service helps avoid unnecessary fees and unpredictable currency fluctuations. Here are ten more tips to save money and have a dream destination wedding without breaking the bank.

Choose an all-inclusive destination wedding package: These often include vital elements, such as venue, decor, and honeymoon, in one bundled, affordable price.

Work with a local wedding planner: The extra expense may be worth it because the right professional can negotiate better prices and provide insider tips to help you save money.

Hire local professionals: Bringing in your florist, hairstylist, or makeup person will increase travel and lodging expenses. Instead, hire nearby professionals and local vendors, but verify their reputation first.

Get married in the off-season: There's less demand for vendors and venues during the off-season (usually winter) compared to the wedding peak season. So, prices tend to be dramatically lower.

Hunt for shopping deals: Turn into a savvy shopper by starting early. Look for great deals on smaller purchases, such as accessories, favours, and gifts.

Choose a more accessible wedding venue: A destination wedding may be inexpensive, but flights, visa fees, and transportation can add up. You can minimize these costs by choosing a venue that's easier and cheaper to arrive at.

Consider tax rates: For example, some countries have high VAT rates, meaning the final price is often higher than the quoted price. Research foreign taxes and choose locations with better tax rates.

Invest in insurance: Taking out wedding, health, and travelling insurance can protect you from unexpected expenses. It's best to plan for emergencies like cancelling your wedding due to bad weather, losing your baggage, or getting injured abroad.

Downsize your guest list: A smaller guest list allows you to enjoy a more intimate affair with significantly lower costs.

Explore more money-saving hacks: The list includes getting married in advance to save on legal fees, driving instead of flying, and asking your guests to cover their own travel expenses and lodgings.

Best places for a destination wedding

Here are some of the best places for a destination wedding from sources across the web to inspire you.

1. Mexico

Mexico is a top choice for Canadians looking for a destination wedding due to its proximity, beautiful beaches, and variety of all-inclusive resorts. Whether you envision a sunset ceremony on the sands of Cancun or a luxurious celebration in Cabo San Lucas, Mexico offers a perfect blend of affordability and natural beauty. The country's rich culture and vibrant nightlife also provide plenty of activities for you and your guests to enjoy before and after the big day.

2. Dominican Republic

The Dominican Republic is renowned for its stunning beaches and crystal-clear waters, making it an ideal spot for a tropical destination wedding. Punta Cana is especially popular With its all-inclusive resorts and breathtaking ocean views. The country's warm hospitality and affordability make it an excellent option for couples looking to create a memorable and budget-friendly wedding experience.

3. Jamaica

Jamaica's laid-back atmosphere and beautiful landscapes, from Negril's Seven Mile Beach to the lush mountains of Ocho Rios, make it a fantastic destination for a relaxed and vibrant wedding. The island's all-inclusive resorts offer comprehensive wedding packages that simplify planning, and the easy legal requirements make Jamaica one of the most convenient places to tie the knot. Your guests will love the island's reggae rhythms, delicious cuisine, and warm, friendly people.

4. Hawaii, USA

Hawaii offers a unique mix of North American convenience with the exotic allure of the Pacific Islands. From the volcanic landscapes of the Big Island to the romantic beaches of Maui, Hawaii provides a stunning backdrop for any wedding. Though it's further afield, the islands' diverse venues and natural beauty make it worth the journey. With endless options for outdoor ceremonies, Hawaii is perfect for couples who want a blend of adventure and romance.

5. Italy

Italy is synonymous with romance, and its diverse regions offer countless picturesque settings for a destination wedding. Whether you choose the rolling hills of Tuscany, the dramatic cliffs of the Amalfi Coast, or the serene waters of Lake Como, Italy provides an unforgettable backdrop steeped in history and culture. Your guests will be enchanted by the country's art, architecture, and world-renowned cuisine, making your wedding an event and experience.

6. Greece

Greece, with its iconic whitewashed buildings, blue-domed churches, and breathtaking sunsets, is a dream destination for many couples. Santorini and Mykonos are particularly popular for their stunning views and romantic ambiance. Greece offers a mix of luxury and tradition, with venues ranging from chic modern hotels to ancient ruins. The Mediterranean climate and relaxed pace of life make it a perfect setting for a wedding full of beauty and tranquillity.

7. Barbados

Barbados combines the charm of the Caribbean with a touch of British elegance, making it an appealing choice for a destination wedding. The island's pristine beaches, luxury resorts, and friendly atmosphere provide an ideal setting for intimate ceremonies and more significant celebrations. Barbados also offers a range of activities, from water sports to exploring historic sites, ensuring your guests have plenty to enjoy during their stay.

8. Portugal

Portugal's Algarve region and the vibrant city of Lisbon offer stunning coastlines, historic venues, and a warm, welcoming atmosphere. Portugal is an excellent choice for couples looking for a European destination that combines affordability with breathtaking scenery. Whether you dream of a wedding in a cliffside villa overlooking the Atlantic or a historic palace in the heart of Lisbon, Portugal's diverse landscapes and rich culture will make your wedding truly special.

9. Costa Rica

Costa Rica is an unbeatable destination wedding location for couples who love nature and adventure. The country's diverse landscapes—from tropical rainforests to serene beaches—provide a unique and beautiful setting for your big day. Eco-friendly resorts and venues offer sustainable wedding options, allowing you to celebrate your love in harmony with nature. Costa Rica's commitment to environmental conservation and its laid-back "Pura Vida" lifestyle make it an ideal choice for a wedding full of natural beauty and serenity.

10. France

France is the epitome of romance, with its charming villages, elegant chateaux, and iconic landmarks like the Eiffel Tower. Whether you choose the rolling lavender fields of Provence, the glamorous French Riviera, or the timeless charm of Paris, France offers an array of stunning venues for your wedding. The country's rich culture, world-class cuisine, and exquisite wines will make your wedding an unforgettable celebration of love and elegance.

Pay for your destination wedding online today.

You can pay for your dream destination wedding online, with speed and ease, whether that involves tropical islands, stunning mountain ranges, or enchanting green landscapes on the other side of the world.

MTFX offers competitive exchange rates and low fees to help you save money and hassle, so your destination wedding is worth travelling for. You can open your online, secure account in minutes, get expert, personalized guidance, and make one-off or regular transfers 24/7 without a foreign bank account.

Open an account today to pay for your destination wedding with MTFX and make the most of your money and the big day.

FAQs

1. What is the best way to pay for a wedding abroad?

The best way to pay for a wedding, particularly a destination wedding, is to set a budget early on and stick to it. Consider using a combination of savings, contributions from family, and possibly low-interest financing options like personal loans. Many couples also book weddings at venues that offer all-inclusive packages, which can help manage costs by consolidating expenses into one manageable payment.

2. How much does a destination wedding cost, and how can I budget effectively?

Destination wedding costs vary depending on the location, the number of guests, and the level of luxury you want. It's crucial to start by setting a realistic budget that includes all travel expenses, venue costs, and any extras like excursions or gifts for your guests. Prioritize what's most important to you, and explore affordable destination wedding options to keep costs down.

3. What are some of the easiest places to get married abroad?

Some of the easiest places to get married abroad include destinations like Mexico, the Caribbean, and certain European countries where the legal requirements are straightforward and the process is well-established for foreign couples. These locations also offer a range of all-inclusive wedding packages that simplify planning and payment.

4. What should I consider when choosing venues to get married in a foreign country?

When choosing venues to get married abroad, consider the location's accessibility, the venue's reputation for hosting destination weddings, and whether they offer all-inclusive packages. It's also essential to examine the legal requirements for getting married in that country and whether the venue assists with paperwork.

5. How do I book weddings abroad, and what payment options are available?

Booking weddings abroad typically involves contacting the venue or resort directly or working with a destination wedding planner. Payment options may include deposits and installment plans. Many venues offer all-inclusive packages that allow you to pay for your wedding in one or a few lump sums, making it easier to manage expenses.

6. How can I efficiently pay for my wedding without overspending?

To efficiently pay for your wedding, especially a destination wedding, consider setting up a dedicated savings account and contributing regularly. Explore affordable destination wedding options that fit your budget, and take advantage of any all-inclusive packages that cover the essentials, reducing the need for additional expenses.

7. What are the essential things to pay for when planning a destination wedding?

Essential things to pay for when planning a destination wedding include travel expenses (flights and accommodations), the venue, legal paperwork, and vendors like photographers and florists. Many couples also budget for guest experiences, such as welcome dinners or group excursions, to make the event more memorable.

8. Are wedding all-inclusive packages worth it for destination weddings?

Wedding all-inclusive packages can be worth it for destination weddings as they simplify planning and can save money by bundling critical services like the venue, catering, and sometimes even photography. These packages often offer great value, especially in popular wedding destinations where they are tailored to meet the needs of travelling couples.

9. What are some tips for finding affordable destination weddings?

To find affordable destination weddings, consider getting married during the off-season, choosing less famous but equally beautiful locations, and looking for venues that offer all-inclusive packages. It's also helpful to keep your guest list small and to negotiate with vendors for the best possible rates.