Different banking answers???

[Patty3]

I have a total of 404 points each year with an April use year. When I made my ressies for this past May, I was told by MS that the rest of my points need to be banked by the last day in September to not lose any. When I made my ressies in August for HHI, I was told the same thing. I spoke to MS this morning trying to get ressies for October, no luck. I have 157 points left for 2004 and I mentioned that I knew they had to be banked by the last day in September and this time I was told no, December. Ruby said that since I only had less than half of my points remaining they had to be banked by December not to lose any. She said that the banking dates refer to the percentage of points left to be banked, not the percentage of points that you would lose if not banked during the appropriate month????? I have been a member since 1998 and always banked any points left by the end of September. This is what I have always been told previously by MS, which is correct? Thanks.

 

[CarolMN]

They are both correct, LOL!

If you want to bank all your points (or more than 202 of them), that has to be done by the end of September. I'm willing to bet that you had more than 202 points left after you used some for the May reservation. that's why the CM said by the end of September (your 100% banking deadline).

If you only need to bank 50% or less of your points, you can use the 50% deadline. For an April use year, that would be the end of December.

Since you only have 157 points left from your 2004 use year after the HHI reservation (and that's less than 50% of your total annual allotment), you have until 12/31/2004 to bank them.

HTH.

 

[CarolMN]

Originally posted by Patty3
I have a total of 404 points each year with an April use year. When I made my ressies for this past May, I was told by MS that the rest of my points need to be banked by the last day in September to not lose any. When I made my ressies in August for HHI, I was told the same thing. I spoke to MS this morning trying to get ressies for October, no luck. I have 157 points left for 2004 and I mentioned that I knew they had to be banked by the last day in September and this time I was told no, December. Ruby said that since I only had less than half of my points remaining they had to be banked by December not to lose any. She said that the banking dates refer to the percentage of points left to be banked, not the percentage of points that you would lose if not banked during the appropriate month????? I have been a member since 1998 and always banked any points left by the end of September. This is what I have always been told previously by MS, which is correct? Thanks.

I re-read your post. What I posted above is correct as long as you haven't already banked any 2004 points, but now I know why you are confused. I don't understand this statement, either :

that the banking dates refer to the percentage of points left to be banked, not the percentage of points that you would lose if not banked during the appropriate month?????

Banking percentages are cumulative. If you bank prior to the end of September, you may bank up to 100% your total annual allotment

Between October 1 and the end of December, you may only bank up to 50% of your total annual allotment. In other words, you can only bank during that period if the number of 2004 points already banked plus what you plan to bank equals less than 202 points (50% of your allotment). For example, if you banked 250 points in July, you could not bank any additional points aftere October 1. But if you banked 100 points in July, you could bank up to 102 more points. 100 + 102 = 202 and 202 is 50% of your total.

There is also a 25% deadline - for an April use year that is the end of January. No banking at all in February and March.

Ask more questions if you need to.

Best wishes -

 

[Patty3]

CarolMN, thank you!

 

[manning]

It is based on the total number of points you own, not used.

You own 100 points. let's say you don't use any.

You can bank all your points within the first six months. (Sept)

After Sept you are in the 50% window and can bank only 50 points.

After Dec and 2 months prior to the end of your use year you are in the 25% window and can bank only 25 points.

The last two months of your use year you are not allowed to bank any points.

Some get confused and think it is based on unused points. Not true. it is on all the points you own.