cancellation policy for DVC stays?

[DianeL]

Hi,

How far before your arrival date do you have to cancel DVC stays and not lose points or be charged a fee?

Thanks!!!

 

[Dean]

No fees. If you're under 31 days and prior to the day of delivery, the points go into a holding account. The main penalty otherwise is your banking window which may determine whether you'll lose the points at the end of that use year.

 

[DianeL]

Thanks Dean!

 

[DianeL]

Dean,
How do you find out your banking window and could you give a short definition of what it is? Sorry for the ignorance.

 

[sjdisneywedding]

yourr banking windows are the set dates when you are allowed to bank a given percentage of your current years points

within the first 6 months of your use year you can bank all 100% of your current years points

with 3-6 months left in your use year you can only bank 50% of your total current years points

within the 3rd month left of your use year you can bank 25% of your current years points

last 2 months of use year yrou cant bank any of current years points

ex. feb use year 200 points

before July 31st-can bank all 200 points (100%)
Aug 1-Oct 31-can bank up to only 100 points (50%)
Nov 1-Nov 30-25% can bank up to only 50 points(25%)
Dec 1-Jan 31-0%

so if you wait until aug to decide what to do for vacation, beware you cant save 50% of points for next year