Banking Question

[MountainMouse]

Found this on the member website in the section describing banking rules.

"The banking window is applied to the sum total of Vacation Points across all of your contracts, not on an individual contract level."

Can anyone tell me what this means? Kind of sounds like all contracts that you own have the same banking window but I can't imagine this to be true.

 

[drusba]

When you purchase and then later add on in same use year, you will have two contracts (and another contract if you add on again). You can bank according to the total points you have in the use year and not just to the total in each contract. Means little anymore since there is a single banking rule in that you can bank up to all of your points in a use year on or before the end of the eighth month of your use year.

It used to mean something in the past when the banking rule was different. You could bank all your points by end of 6th month of the use year, 50% by end of ninth month, and 25% by end of tenth month and those were diminishing totals in that you could bank in the ninth month only if you had not already banked half or more of your points before and you could bank in the ninth month only if the total after you banked did not exceed 50% of all points, and you could bank in the tenth month but only an amount that would bring up the total for the year to 25%. That staggered banking rule applied to all contracts combined so a member could not claim he could bank 25% of his points in one contract in the tenth month even though he had already banked more than 25% of the total points in all his contracts.