banking question

[Annabell]

Maybe a strange question but would like to ask it anyway

I have read in various thread about people losing their points because they forget to bank their points before the banking window ends.
Why is the banking not done automatically ? Is there a reason behind this ?

I have another timeshare that will just automatically bank your points. E.g. your April 2011 points will not expire until March 2013. So points simply have a "lifetime" of 2 years. This way, there is no need to have a banking request that needs to be initiated by the owner.

 

[sweetdana]

If you were an April UY, and you wanted to use 2011 points in Feb 2012, you would not want them banked.

They do make the system a drop more complicated than it needs, but I have helped my grandfather with his time share and his is more and much more strick.

 

[Annabell]

If you were an April UY, and you wanted to use 2011 points in Feb 2012, you would not want them banked.

They do make the system a drop more complicated than it needs, but I have helped my grandfather with his time share and his is more and much more strick.

Hmmm....... it would be so simple to just automatically bank the unused APR 2011 UY points on March 30, 2012 so you can still use your points in Feb 2012.

I guess Disney just wants to make it more complicated........

 

[disneynutz]

There is a lot of things that they could do that they don't do. It's as if they benefit from you forfeiting your points.

Bill

 

[drusba]

Disney made a conscious decison at the time of setting up DVC to allow banking but to discourage an over-accumulation of points in one year from a prior year that might result in too many points chasing too few rooms in one year. There are timeshares like your other one that have automatic banking and those that even allow points to be further moved into a third year. As far as I am aware there is no norm or standard relating to banking that one can point to and say the vast majority of timeshares with a point system do that. It just is what it is.

 

[disneynutz]

Disney made a conscious decison at the time of setting up DVC to allow banking but to discourage an over-accumulation of points in one year from a prior year that might result in too many points chasing too few rooms in one year. There are timeshares like your other one that have automatic banking and those that even allow points to be further moved into a third year. As far as I am aware there is no norm or standard relating to banking that one can point to and say the vast majority of timeshares with a point system do that. It just is what it is.

Nothing is just what it is. There is a reason for everything that companies including Disney does, we just don't know what it is. Why can't they give us the whole year to bank our points instead of the first eight months of the UY? Does the additional four months really make a difference?

Bill

 

[RobDoc]

Hmmm....... it would be so simple to just automatically bank the unused APR 2011 UY points on March 30, 2012 so you can still use your points in Feb 2012.

I guess Disney just wants to make it more complicated........

Does your other timeshare also allow you to borrow from the following year's points?

I believe that DVC has the banking deadline to faciliate their planning for the next year (allowing for potential borrowing of points). When DVC began, the banking window used a graduated scale where some points could be banked thru the end of the 10th month of the Use Year, but the number of points that could be banked diminished the last few months. Up to 100% of the points from the current Use Year could be banked thru the first 6 months of the use Year. Up to 50% of the current points could be banked during the7th - 9th months of the Use Year and up to 25% of the total points could be banked during the 10th month. No points could be banked during the 11th or 12th months. These percentages were based on the total number of points in the contract - so if you had already banked 50% (or more) of your points during the first 6 months, no more points could be banked after the 6th month.

When it was changed to the current 8 month allowance the explanation was that it was due to member confusion with the old plan. Over the years, confusion with the banking window was certainly evident here on the DIS as there were many who never understood how it worked. I'm sure MS did have a lot of problems with members trying to bank all of their points in the 10th month.

Regardless, banking and borrowing are something that MS does need to keep in balance and this is the method developed to accomplish that. Certainly allowing 100% of the points to banked thru 8 months is al least easier to understand. DVC also reserves the right to suspend both banking and borrowing at their discretion (and I suspect that provision will be used as we near 2042 to minimize the number of issues during the last year of ownership for many members).

 

[Annabell]

Does your other timeshare also allow you to borrow from the following year's points?

Yes, it does allow borrowing from next year's points giving you a maximum of 3 years entitlements. (Provided that you have pre-paid your next year's maintenance fees)

I agree that there must be a theory behind the DVC banking rules but it's just that we don't know what the theory is !

 

[RobDoc]

Yes, it does allow borrowing from next year's points giving you a maximum of 3 years entitlements. (Provided that you have pre-paid your next year's maintenance fees)

I agree that there must be a theory behind the DVC banking rules but it's just that we don't know what the theory is !

Interesting!

DVC also allows the use of 3 years of points (and a 4th year's points could also be used for a vacation that straddles 2 Use Years). DVC also allows members to borrow points without the need to pre-pay any fees - whether using 3 or 4 years worth of points.