Are the banking deadlines by resort?

[Tamar]

We own at BWV, OKW, and HH. We have a December UY for all 3 properties. All our 2005 OKW and HH points are used or committed. Most of our 2005 BWV points are still uncommitted.

So....at the end of April, which is the deadline for banking 100% of points into 2006 UY, do we have to have banked any BWV points we don't plan to use before Nov 30? Or, is the 100% rule spread across all our contracts?

I started every day last week intending to call MS to ask, and never had a break at work to do it, so if anyone here knows the answer definitively, I'd sure appreciate it!

Thanks, Tamar

 

[Alexander]

Each contract is a seperate contract. Therefore the banking rules will apply to each one. If you intend to bank all of your BWV points, then yes, you would need to bank them by the end of April. However, you can bank up to 50% in a few months if you plan to use half of your points before 11/30, 25% can be banked later, etc...

 

[CarolMN]

If the contracts were all purchased from Disney, they will have the same Master contract number and an extension. For example. xxxxxxxx.001, xxxxxxxx.002, etc. If that is the case, your banking percentages are based on the total for all the contracts.

Sometimes (if Disney catches it or you request), even resales purchases with the same use year are added to the Master contract.

If you have different contract numbers, then the percentages are figured on each contract separately.

Give MS a call if you need to know for your situation. No sense taking a chance and losing the points.

Best wishes -

 

[Tamar]

Thanks, They are listed as xxxx.000, xxxx.001, xxxx.002, even though 2 of the contracts were resales. Last month MS told my husband that we didn't have to bank at the end of April, but I want to hear it for myself, so I will have to make time to call. I had assumed they were separate. Maybe we got lucky, I doubt we'll use the rest this year, but it would be nice not to have to decide this month.

 

[LisaS]

Thanks, They are listed as xxxx.000, xxxx.001, xxxx.002, even though 2 of the contracts were resales. Last month MS told my husband that we didn't have to bank at the end of April, but I want to hear it for myself, so I will have to make time to call. I had assumed they were separate. Maybe we got lucky, I doubt we'll use the rest this year, but it would be nice not to have to decide this month.

Call MS to be sure because sometimes there are glitches when resale contracts are entered into the system. But based on the contract numbers, things appear to be set up as a master contract and two add-on contracts. In that case, your points are considered "pooled" for banking purposes. Let's say you own 150 points at BWV, and 100 at OKW and 100 at HH for a total of 350 points. Even at your 50% banking deadline, you could bank all 150 of your BWV points (assuming you had not banked any other points up until that time) because those 150 BWV points are less than half of the combined total of 350 points you own on the master plus the two add-ons.

Call MS to be sure, but depending on exactly how many points you own at each resort, you may have more time before you have to bank those BWV points.

 

[Disney Doll]

Banking deadlines are by Use Year, not resort, so any that you have coming up for April 30th as a banking deadline should be done soon.

 

[LisaS]

Banking deadlines are by Use Year, not resort, so any that you have coming up for April 30th as a banking deadline should be done soon.

I think what the OP meant by "resort" is "contract". In other words, if you own contracts at three different resorts, do the banking percentages apply to each contract individually or to the total points owned across all of the contracts.