Banking points question

[lmkoons]

We are looking at a resale contract with a December use year. So what is the cutoff date for banking 100% of our points? Most of my research says it must be done by 4 months prior to the end of my use year (so, 7/31). However, in my searching I also came across a "***********" website which says there are actually multiple banking deadlines based on the % of points you wish to bank. According to that website, in order to bank 100% of my points, I'd have to do so by 5/31. So, which date is correct? We're new to DVC so I'm a little confused by this conflicting info.

 

[KAT4DISNEY]

That's old information from many years ago. There is only 1 banking dealine and you can bank 100%. A Dec UY banking deadline is July 31st.

 

[lmkoons]

That's old information from many years ago. There is only 1 banking dealine and you can bank 100%. A Dec UY banking deadline is July 31st.

Ok, thanks so much!

 

[magicaldisney]

Keep in mind once you bank your points they have to stay in that year so make sure that's what you want to do each time you do it. I don't rush into banking my points, just in case we might want to use them last minute.

 

[Sandisw]

And just to add, you can bank as many times as you want...You don't have to bank everything all at once. As long as you are withing the banking window, you can bank as few or as many as you would like. So, if you decided you might want to go, you could leave some unbanked, and bank the rest, and then wait to see and bank the remaining closer to the deadline.

 

[magicaldisney]

And to add to Sandisw's add on.......just don't miss that banking deadline!!

 

[DenLo]

You can actually bank points as soon as they are in your account. But all the points you want to be banked must be done no later than your banking deadline. Any that are not banked expire the last day of your UY (for December UY 11/30).

 

[katejay]

I have another banking question if someone could help. I am unclear when banked points have to be used by. If I bank some of my 2016 points (uy 08-16).
When do I have to use those points by. Thanks

 

[Madame]

I have another banking question if someone could help. I am unclear when banked points have to be used by. If I bank some of my 2016 points (uy 08-16).
When do I have to use those points by. Thanks

Banked into 2017? Should be July 31 2018.

 

[KAT4DISNEY]

I have another banking question if someone could help. I am unclear when banked points have to be used by. If I bank some of my 2016 points (uy 08-16).
When do I have to use those points by. Thanks

Easiest way to figure is just write it out. August 2016 UY points are valid for stays from 8/1/16 to 7/31/17. You can bank those points into the next UY which would be 8/1/17-7/31/18. Since you can only bank points once and must then use them or they will expire then you need to use them for a stay that takes place between 8/1/17 to 7/31/18.

 

[Carwasher0715]

I am transferring points into my account, the person I am getting points from says I have to bank them by May 2016, however, my use year is June and I have to bank points by Jan 31. Do the transferred points go by my use year or theirs?

 

[KAT4DISNEY]

I am transferring points into my account, the person I am getting points from says I have to bank them by May 2016, however, my use year is June and I have to bank points by Jan 31. Do the transferred points go by my use year or theirs?

Transferred point retain their UY and home resort. It sounds like they may be Sept 2015 UY points so if you wish to use them for a stay after Sept 1, 2016 then you need to bank them by April 30. Or if they are Oct 2015 points then if you wish to use them for a stay after Oct 1, 2016 then you need to bank them by May 31.

 

[supersnoop]

I am transferring points into my account, the person I am getting points from says I have to bank them by May 2016, however, my use year is June and I have to bank points by Jan 31. Do the transferred points go by my use year or theirs?

I'm under the impression that transferred points can be banked up until expiration; the banking deadline does not apply.