Banking question for multiple contracts

[mochabean]

I looked but didn't see this answered anywhere.
If I have two contracts (but the same member #, i.e. the second contract was an add-on), how do the banking deadlines work? Are the percentages based on your total # of points, or are the percentages per contract?

For example, one contract is 200 pts, the other is 100 pts. Say I am at the 50% banking deadline, and I have used all 200 pts of my first contract but none of my second contract. Can I bank all 100 of the second contract (since 100 pts is less than 50% of my total 300 pts), or will they let me bank only 50 (50% of that contract)?

I assume it would be the former, but I want to be sure.
Also, if you have two separate contracts which are not connected (i.e. the second contract is a resale with a different contract #), then are the percentages per contract, since DVC thinks it is still two different people?

 

[CarolMN]

I have two contracts (original for 200 and an add on for 50). Same use year, same resort, same member number. MS/DVC treats it as one contract for all practical purposes. Sounds like your situation is similar to mine. If so, the banking percentages are based on your total number of points - banking doesn't go by indvidual contract.

So you could bank all 100 of your points from the second contract (assuming you are within your 50% deadline) because 100/300 is less than 50% of the total.

FWIW, how do you even know what points are used/not used by contract? Your contracts must be for different home resorts, because I never know which contract the points come from for ressies and MS never differentiates for me when I ask for a status.

nyway, AFAIK, since you have the same member number, it still should work the same. However, if someone else doesn't post who knows for sure, you should call MS and ask. It might work differently if the add on isn't for the same resort as your original contract. I just don't know for sure in that case.

Best wishes -

 

[bobbiwoz]

In fall '03 we bought 200 BWV and immediately a 50 VWL point add on. We did not get '03 BWV points because we used the Magical Beginnings. Before we bought the add on, I asked about being able to bank the 50 VWL even thought we were past the 100% banking deadline and into the 50% time. The answer was that the deadline was on the total number so we were able to bank the 50 VWL.

In the end, we didn't bank, we took a quick trip to try out our purchase.

Bobbi

 

[mochabean]

Thanks for the replies. My add on is a different home resort, so that's how I determine which points are getting used. Looks like I'll be in the clear.

 

[Caskbill]

I looked but didn't see this answered anywhere.
If I have two contracts (but the same member #, i.e. the second contract was an add-on), how do the banking deadlines work? Are the percentages based on your total # of points, or are the percentages per contract?

For example, one contract is 200 pts, the other is 100 pts. Say I am at the 50% banking deadline, and I have used all 200 pts of my first contract but none of my second contract. Can I bank all 100 of the second contract (since 100 pts is less than 50% of my total 300 pts), or will they let me bank only 50 (50% of that contract)?

I assume it would be the former, but I want to be sure.
Also, if you have two separate contracts which are not connected (i.e. the second contract is a resale with a different contract #), then are the percentages per contract, since DVC thinks it is still two different people?

In the first case you state, the points are all combined into a 300 point contract, so at the 50% banking window you could bank all 100 points of the add-on contract.

For the 2nd example you state, the two contracts are totally separate and banking windows apply to each contract individually. In your example then you could only bank 50 of the 100 points of the 2nd contract.

Might I suggest you consider using my DVC-Planner program, or, if you already have it, look at the banking deadlines feature it has. (Make sure you have the latest version as the original versions did not combine contracts). There you enter all your contract information, including add-on's, or separate resales, and the program automatically calculates all your banking windows for everything, combining contracts that can be combined, and showing separate contracts individually. Follow the link in the signature block below.

 

[Caskbill]

Thanks for the replies. My add on is a different home resort, so that's how I determine which points are getting used. Looks like I'll be in the clear.

I might point out to everyone just for information, that we all often use the words add-on to simply mean we purchased additional points. However technically an 'add-on' means points with the same contract number (but different suffix numbers such as xxxx-01, xxxx-02, xxxx-03). Add-on's must have the same use year, although they can be at different resorts. All add-on's points are combined for banking purposes. 11/7 month reservation windows still apply separately by resort.

Anything else is considered a separate contract and all banking is considered individually by contract. Separate contracts have separate primary contract numbers. Contracts can be separate because you purchased a resale, or you purchased more points at your original resort, or different resort, but they have a different use year (minimum purchase required if buying directly from Disney). Contracts could be different because you have different names on them, or anything else that would cause them to have totally different contract numbers.

Note: If you purchase a resale contract that has the same use year as your regular Disney contract's points, then Disney <i>may</i> combine the resale contract with your regular contract thus making it technically an add-on. You would need to verify this with Disney before you combine the points for banking purposes.

 

[jekjones1558]

I asked this very question of a CM in MS recently. We have 770 BWV points, all Oct. use year and 230 OKW points, also Oct. use year. I asked, "If we want to bank our 230 OKW points, will the banking window %s be based on 230 or 1000?" I was told that TOTAL POINTS would be used, even though they are separate resorts. Caskbill, are you saying we have one contract # even though in different resorts because all points in both resorts are Oct. use year? I realize I should know this, but I plead guilty to stupidity.

 

[RobDoc]

I asked this very question of a CM in MS recently. We have 770 BWV points, all Oct. use year and 230 OKW points, also Oct. use year. I asked, "If we want to bank our 230 OKW points, will the banking window %s be based on 230 or 1000?" I was told that TOTAL POINTS would be used, even though they are separate resorts. Caskbill, are you saying we have one contract # even though in different resorts because all points in both resorts are Oct. use year? I realize I should know this, but I plead guilty to stupidity.

If they are all under one membership number- then yes, the banking deadlines are based on the 1000 point total. If each has a separate 12 digit member number, then they will be treated as separate 770 and 230 point contracts.

 

[jekjones1558]

Guess it's time to dig out the paperwork and look at contract #s! Thanks, Doc!

 

[CarolMN]

Guess it's time to dig out the paperwork and look at contract #s! Thanks, Doc!

Note that Doc said "under the same membership number" not same contract number. Maybe you don't have to dig out the contract paperwork after all!

Best wishes -

 

[jekjones1558]

Thanks, CarolMN! I taught reading for so-o-o-o long and didn't read that correctly! BTW, how would a person end up with different membership #s? Does a different use year trigger the separate membership #?

 

[CarolMN]

Thanks, CarolMN! I taught reading for so-o-o-o long and didn't read that correctly! BTW, how would a person end up with different membership #s?

I think that happens when you buy resale - especially if you buy a different use year and/or resort. It doesn't happen when you buy directly from Disney AFAIK.

Best wishes -

 

[jekjones1558]

We bought several resales and two different resorts and still have only one membership, maybe because we have only one use year???