Cash gifts

Zebrafinch2

Hi!

I'm due to get married this year. In usual circumstances when it comes to gift choices we would have invited our guests to gift money into a Honeymoon account with a travel agent. However with International travel still restricted, and the worry that more travel agents may fold I have kissed that idea goodbye. 
Instead, I was hoping to invite our guests to transfer cash into a current/savings account that we have ring fenced for Honeymoon funds. 

Would you know if transfers by 50+ people into an account would be flagged for suspicious/tax reasons or if this should be a relatively straightforward action?
We have investigated The Wedding Shop as an alternative gifting platform but as they charge 2% fee to our guests I would like to avoid this. I would also wish to avoid any cash being given in envelopes on the day.

Thanks in advance for your advice! 

pphillips

If shouldn't cause any problems, as long as they are not paying the gifts into an isa.

Grumpy_chap

OP - out of interest, how do you think your guests will or should go about assessing the value of cash gift?

I ask as I am attending a wedding soon and cash gifts have been requested, but have no idea how to determine the appropriate level.  Whereas, with a gift list, I'd simply look down and pick something that I thought looked a nice thing for the couple to enjoy and simply flex the budget to suit.

ChilliBob

I had this discussion with a work colleague before, their thought was how much a decent three course meal with drinks would cost, and adding on what you'd pay for a present for them.

Someone else thought it should just be the gift price.

I think I went for the former mostly but it was ages ago.

I don't think it would be flagged by the bank, as it'd probably be different amounts and different dates, they tend to flag stuff going out more! 

Pollycat

Interesting discussion on a similar topic here:
Asking for money for honeymoon at our Wedding - Page 4 — MoneySavingExpert Forum