New Owner-Need Help With Banking

[Gordonk74]

Hi Everyone

Was a DVC owner who sold to put a addition on my house. Now we are just waiting for ROFR to pass and we will be owners of SSR. My question is this. We bought a MARCH use year with point coming from this past March and point coming next March 2017. When and if we close it will be most likely around Sept. We plan on using some points before the end of February. But what are our options with banking our points. I am not familiar with the new banking system and curious that even if we close in Sept could we bank all our points or do we have to use some of them or are only able to bank some of them. just confused and want to make sure we don't lose any of the point we just bought.

Thanks for all you help and keep up the work on a great website
Kyle

 

[CMNJ]

You can bank your full amount of points (or any portion of them) up until the end of the 8th month of your use year. So for a march use year you would need to bank by Oct 31st. If you close sometime in September you should have access to your points before Oct 31st. If for some reason you encounter unexpected delays and close later you could possibly miss the banking deadline. Disney has been known to allow a one time exception for new owners (we were lucky to experience that on a contract we bought about a year and a half ago) but it is by no means guaranteed.

 

[BillPA]

If your old membership was with the 100% 50% 25% banking windows, that went away and has been replace with 1 plan, bank all points before the last 4 months of your use year. As CMNJ posted that would be Oct 31 for your March use year. Welcome back home.

 

[Gordonk74]

Thanks for the replies. Trying to learn everything again !!!!!