Banking Question

[ScottJayhawk]

We are very excited!! We just bought at SSR!! The only regret is that we could have made April our use year, but set it for August since we normally will travel late in the year. But now we can't wait that long to go back!!!!

Anyway....
I don't want to screw up banking if I ever need to.

2 questions...

First - My use year is August so I'll have 150 points on August 1st of 2005, so.... 6 months or more prior to August 2006 I can still bank 100% of my points. February 2006 is 6 months before my use year - does that mean I have to bank 100% (if I chose to) BEFORE February 1st - or by the end of February?

My other question - which I'll probably make more confusing than it really is and some what relates to my first.

I think the short version of the question is this: Can I bank more than once?

The long version: Let's say I've bank 50% of my points well in advance. So now I have half my points for the current use year. Once I get inside that 6 month window where I can only bank 50% can I still bank those 50% remaining in my account since it's 50% of my total???

Help.

Thanks so much for all your help!!!

 

[CarolMN]

You have until the end of the 6th month after your use year begins to bank up to 100% of your points. With an August use year and 150 points, that means you can bank up to 150 points from your 2005 use year as long as you do it by January 31, 2006.

You can bank up to 50% of your points as long as you do it before the end of the 9th month following the beginning of your use year - with an August use year that's April 30 of the following year.

You can bank up to 25% of your points as long as you do it befoe the end of the 10th month following your use year - May 31 of the following year if you have an Augusgt use year..

No banking is allowed at all in June or July if you have an August use year..

The banking precentages are cumulative. For example, if you bank 75 points in September, you can't bank any more once January 31 passes. However, if you had only banked 25 points in September, and then wanted to bank more after January 31, you could bank up to 50 more points (because 25 + 50 = 75, which is 50% of your total annual allotment) as long as you did it before the end of April.

HTH

Best wishes -