banking question

[snoopy352]

hi - in the process of buying dvc resale. i think i understand this, but want to be clear - this is a bit tricky.

february use year - 200 points purchased

so 80 points coming that are banked that need to be used by end of next january.
200 points coming in 2015 and thereafter.

we already have our plans made for this year so no flexibility beyond what i write...

we can use the 80 points this june at the end of our already planned vaca.
regarding the 200 in 2015. if i bank all 200 into 2016, i must use ALL 200 in 2016 or lose the difference, correct? more importantly, what if i bank the 200 into 2016 and use, say, 210. can i then bank 190 into 2017 and just keep using the banked points from the previous year and bank the current years' points into the following year over and over again until i get caught up?

TIA!

 

[MAO]

By Jove, I think you've got it!

Though I'm not quite sure what you mean by 'caught up', it certainly sounds like you understand exactly how it works.

 

[chalee94]

regarding the 200 in 2015. if i bank all 200 into 2016, i must use ALL 200 in 2016 or lose the difference, correct?

just don't confuse calendar years with UYs (even for feb UYs, which are close - and you may not be doing that but it's an easy and common mistake). you would have to use the banked 2015 UY pts for a stay by the end of your 2016 UY (which is jan 31, 2017).

more importantly, what if i bank the 200 into 2016 and use, say, 210. can i then bank 190 into 2017 and just keep using the banked points from the previous year and bank the current years' points into the following year over and over again until i get caught up?

yes.

 

[skier_pete]

Yeah I think you got it.

You can only bank each UYs point for one year. So if you bank your February 2015 UY points, they HAVE to be used between Feb 1, 2016 and January 31, 2016. However, you CAN perpetually bank your points every year. Just understand, once you've banked them, you can't pull them back again to your current UY. (Banking AND borrowing are both permanent moves.)

One other thing to note, you have to make the decision to bank your points 4 months before the end of your UY. Therefore, to bank your February 2015 UY points, you will need to bank them by September 30th, 2015 or else you will not be allowed to bank them. DVC is pretty good to plaster that all over your account and send you e-mail reminders.

 

[snoopy352]

thanks to all for the helpful responses!!!