Can someone confirm my banking response from DVC?

[Claudia1]

My use month is May and I have 64 points out of 350 left over. I just called to bank them before the month ends and the DVC rep told me that I had until September to bank them. Since I had under a certain percentage of points left (I don't remember the percentage that he quoted), I had extra time to bank my points.

Can anybody confirm that this is correct? I have banked small amounts before and don't want to lose these from misinformation. While I usually take everything from DVC as gospel, this was new to me.

Thanks!

 

[DebbieB]

Are you sure your use year is May? I thought they didn't sell May.

I have April and have until September 30 to bank 100% of my points, December 31 for 50% and January 31 for 25%. This is the percentage of your total points.

 

[CarolMN]

DebbieB is correct - there is no May use year.

If your use year is April and you have not banked any of your 2002 points yet, you have until the end of January to bank up to 88 points. As DebbieB says, you can have up to 25% of your total points banked if you do it before the end of January (with an April use year). Since 64 is less than 25% of your 350 points, you can wait until the end of January before you have to bank them.

 

[Claudia1]

Yes, you are right. I did not give your the correct info. My use year is December, with a May deadline.

Thanks for answering my questions about the percentages!

 

[DebbieB]

With a December use year, you would have until May 31 for 100%, August 31 for 50% and September 30 for 25%. 64 is 18% of 350, so you would have until September 30 to bank them.

 

[lsyorke]

Am I understanding this right, that the percentages for banking refer to the percentage of total points available to you inyour use year ?? I thought it was the percentage of of what you were trying to bank( ie a penalty for late banking)

I'm so glad I read these boards.( not that I'll ever bank at the rate we're going LOL)

 

[Dean]

Originally posted by lsyorke
Am I understanding this right, that the percentages for banking refer to the percentage of total points available to you inyour use year ?? I thought it was the percentage of of what you were trying to bank( ie a penalty for late banking)

I'm so glad I read these boards.( not that I'll ever bank at the rate we're going LOL)

The percentages are cummulative as a percent of your total points. Thus if you bank 50% the first half of your use year, once you get to the 50% window, you cannot bank anything at all.