newbie on banking

[terlane97]

DH and I disagree about how the banking works . We are not quite sure about how much we can or can't bank from the left over. Our use year is December so my question is....what if we have a number like 180 left frm our full 220 to bank...can we bank the full 180 by our May deadline (for full points) or only part of it??

 

[spiceycat]

all of it - if you want too.

 

[LisaS]

DH and I disagree about how the banking works . We are not quite sure about how much we can or can't bank from the left over. Our use year is December so my question is....what if we have a number like 180 left frm our full 220 to bank...can we bank the full 180 by our May deadline (for full points) or only part of it??

With a Dec UY, you have until May 31st to bank up to 100% of your points. After that, you have until Aug 31st to bank up to 50% of your points (110 points in your case), including any points already banked. So if you banked 50 points earlier in your use year, you would have up to Aug 31st to bank up to an additional 60 points. Your final banking deadline is Sep 30th where you can bank up to 25% of your points (55 points in your case) including any points already banked. So if you had banked 50 points earlier in your use year, you could bank up to an additional 5 points by the Sep 30th deadline. After that you would be in the last 2 months of your use year and you cannot bank any points during that time.

Hope this helps!