I am learning all of this along with you! By no means do I claim to be an expert - just sharing information as I read it. I have copied and pasted below from the
DVC website.
I've done a couple of transfers and they've been successful so far.
Okay in relation to the Dec 2011 use year transferring in the Feb 2011 points and the length of time they would still be usable: read '6c' below. As I read it, they would be bankable into the original owners 2012 use year - giving them another full year once banked, but - the big but - they couldn't go 'backwards' to Sept 2011 as they can't be borrowed by the new owner as they are now in 'his' 2011 use year and 'he' is in control of his own banking and borrowing. So - they are still good points just not as good for the second owner as the first.
6. Transferring Home Resort Vacation Points Between Club Members. Transfers allow a Club Member to assign all or a portion of his or her Home Resort Vacation Points to another Club Member. Transfers are subject to the following restrictions:
a.
Transferred Home Resort Vacation Points associated with any Ownership Interest owned by a Club Member who did not purchase such Ownership Interest directly from Disney Vacation Development, Inc. may not be used for any Club Member benefit program that does not transfer with the transfer of the Ownership Interest (including, without limitation, the benefit programs known as the Adventurer Collection, Concierge Collection and Disney Collection).
b.
Both Club Members must be current on their Annual Dues and monthly payments (if applicable), and any other outstanding balances, including, but not limited to, fees associated with any exchange programs, miscellaneous services booked by Member Services in connection with Club Member reservations, and any incidental charges and/or balances due in relation to DVC Resort stays, in order to give or receive a Transfer. Both Club Members must be closed in order to participate in a Transfer.
c.
All Transferred Home Resort Vacation Points retain the Use Year of the transferring Club Member and expire at the end of the transferring Club Member's Use Year, unless they are Banked.
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d.
Once Banked, Transferred Home Resort Vacation Points will expire at the end of the Transferring Club Members next Use Year, unless they are used. In addition, Transferred Home Resort Vacation Points cannot be un-Banked or returned to their original Use Year.
e.
The Club Member who is Transferring the Home Resort Vacation Points to another Club Member is still responsible for the Annual Dues payment on those Transferred Home Resort Vacation Points.
f.
Banked or Borrowed Home Resort Vacation Points may not be Transferred.
g.
Transferred Home Resort Vacation Points may not be Borrowed or returned to the Transferring Club Member.
h.
If a Transfer occurs between Club Members from different Home Resorts, the Transferred Home Resort Vacation Points retain all the reservation rights of the Transferring Member.
1)
The recipient of the Transferred Home Resort Vacation Points may use them to make a reservation at the Transferring Member's Home Resort during the Home Resort Priority Period, or at other qualified DVC Resorts after the Home Resort Priority Period and any other applicable priority periods.
2)
The recipient of the Transferred Home Resort Vacation Points would not be able to use the Transferred Home Resort Vacation Points at his or her Home Resort until the end of his or her Home Resort Priority Period and any other applicable priority periods.
i.
Transfer requests may be made by phone and must be confirmed in writing, by mail, fax or E-mail, to Member Services. DVC Operator will not assist Members in finding another party for a Transfer activity.
j.
Club Members are expressly prohibited from receiving compensation for engaging in any Transfer activity.
k.
During a given Use Year, only one (1) Transfer per Club Member or Club membership, either as Transferee or Transferor, will be permitted.
l.
Only Club Members who have closed on their purchase agreement are eligible to transfer Home Resort Vacation Points.
I'd be interested in hearing others actual experiences.