Bankng question

[SonicGuy]

I really hope that I start to eventual understand how to manage my new DVC myself and not have to rely on ya'll every time I have a question. But until that time.....

My UY is December. I understand that any points that I do not intend to use by December 2009 I have to bank BEFORE July 31,2009. My question is this: when do those points that I bank expire?

Also - once I bank them I cannot use them until 2009, correct?

Am I missing finding all of this information in the materials I received? Seriously, I do not know what I would do if I didnt have this board!

 

[JaxFLBear]

From the member website:

What do I need to know about banking Vacation Points?

* To bank up to 100% of your Vacation Points during the first 8 months of your current Use Year to use during your next Use Year, select the Bank Vacation Points link in the Points section of My Disney Vacation Club and bank online or contact Member Services by the date listed on the banking chart .
* To bank Vacation Points for a Disney Cruise Line® vacation from the next Use Year to the following Use Year, contact Member Services.
* Vacation Points can only be banked once.
* The banking window is applied to the sum total of Vacation Points across all of your contracts, not on an individual contract level.
* If you've not completed travel on banked Vacation Points by the end of the Use Year they've been banked into, they expire.
* You cannot return banked Vacation Points to their original Use Year.
* You cannot borrow or transfer banked Vacation Points.
* You may apply banked Vacation Points to all Member Getaways exchanges.
* You'll be given a banking transaction number when you bank Vacation Points; please be sure to record it.
* All banking transactions are final.
* In order to bank Vacation Points, you need to be up to date on your Annual Dues and monthly loan payments (if applicable), and not have any other outstanding balances related to your Membership.
* To maintain a proper balance of Vacation Points in the Club's central reservation system, banking may be suspended or limited from time to time.

 

[Skylarr29]

I really hope that I start to eventual understand how to manage my new DVC myself and not have to rely on ya'll every time I have a question. But until that time.....

My UY is December. I understand that any points that I do not intend to use by December 2009 I have to bank BEFORE July 31,2009. My question is this: when do those points that I bank expire?

Also - once I bank them I cannot use them until 2009, correct?

Am I missing finding all of this information in the materials I received? Seriously, I do not know what I would do if I didnt have this board!

We just bought into DVC as well and have a December UY.

As far as I understand it (and I asked a similar question just this afternoon) when you bank 2008 they will go to your 2009 use year which runs from 12/01/09 - 11/31/10. You can not bank the banked points again - they must be used by 11/31/10. You can however bank the 2009 points and use them in your 2010 use year.

I hope that makes sense. I am learning the ropes too.

 

[LisaS]

With a Dec UY:
your Dec 2008 points are good for stays from 12/1/08 - 11/30/09
your Dec 2009 points are good for stays from 12/1/09 - 11/30/10
your Dec 2010 points are good for stays from 12/1/10 - 11/30/11
and so on until the end of your contract

If you bank your Dec '08 points into your 2009 UY, they can be used for stays from Dec 1, 2009 - Nov 30, 2010. They cannot be banked a second time so they will expire on Nov 30, 2010 if not used.

 

[Buckeye Fan]

My UY is December. I understand that any points that I do not intend to use by December 2009 I have to bank BEFORE July 31,2009. My question is this: when do those points that I bank expire?

Yes, that's correct. Points must be banked by July 31 of any given year.

* Points deposited Dec 1, 2007 are for vacations from Dec 1, 2007 - Nov 30, 2008.
* Points deposited Dec 1, 2008 are for vacations from Dec 1, 2008 - Nov 30, 2009.
* Points deposited Dec 1, 2009 are for vacations from Dec 1, 2009 - Nov 30, 2010...and so on.

All banking does is push the points into the next UY. So, if I'm not going to use the points that were deposited into my account on Dec 1, 2007, and I bank them by July 31, I can use those points for vacations starting on Dec 1, 2008 - Nov 30, 2009.

Once banked, your points can't be returned to your original UY. Also, once banked, those points can't be banked again. You will have to use them by the end of your UY, or they will expire.

Lastly, the points banked have nothing to do with the new points that will be deposited on Dec 1, 2008. Those will be new points, and can be banked through July 31, 2009, or used through November 30, 2009.

Also - once I bank them I cannot use them until 2009, correct?!

For the most part, yes. Technically, you could use those banked points to book a trip in December 2008.

Am I missing finding all of this information in the materials I received? Seriously, I do not know what I would do if I didnt have this board!

The materials you have discuss this at a high level, and once explained, you'll re-read it and it will be like, "Oh! I get it now." However, like you, I would read, re-read, not get it, and then post. You'll find there's ALWAYS an answer here. I find these boards to be more accurate than the answers I get from MS!!!

I love these boards and have learned so much. Great people with tons of experience and information!!!

 

[SonicGuy]

Again - ya'll are awesome!

Thanks!