Panicing! Please Help!

[farmergirl]

Hi I hope some someone can help me I am starting to panic. We just bought into DVC and I think we may have a problem. We will need to bank all of our 2007 UY points bacause we will not be able to be back till after November and we have a June UY. So my problem is I thought they were already on the new banking system since my guide was talking about it but now i see it does not take effect till January. So since we r still on the old banking system this means we would have to bank all our DVC points by Nov 30th of this year. This looks like a big problem to me since our estimatied closing date is not until DEC. Our account right now says we cannot bank yet. I am assuming it is because it has not closed. So if anyone understands what I just wrote does this mean we wil lose 50% of our points or is it different if your banking deadline is before your closing date? Thank you to anyone who can clear this up for me.

 

[LisaS]

I assume that you purchased directly from Disney since you are already in the system even though you haven't closed yet. If that's the case, you should be able to bank your points prior to closing. Just call Member Services and tell the CM you want to bank your points. People with a June UY are in an interesting position: you can bank up to 100% of your points between now and Nov 30th. You can bank up to 50% during December. In January the new banking rules are supposed to go into effect and your banking percentage will go back up to 100% for the month of January. But given this is a new system going into effect and DVC hasn't provided much detail about the new banking rules, I'm not sure I would want to count on that. If I were you and I was sure I wasn't going to use any points during my 2007 UY, I would bank them by Nov 30th just to be sure.

I'm not sure I understand what you mean by this comment:

We will need to bank all of our 2007 UY points because we will not be able to be back till after November and we have a June UY.

You say you won't be back until after November, but you don't say whether you will go back between now and May 31, 2008, the end of your 2007 UY. Your 2007 UY points can be used for stays between June 1, 2007 and May 31, 2008. If you plan to go back during that time frame, you would use 2007 UY points to book that stay. If you're just not sure you will go back before the end of your 2007 UY then you can bank your '07 points and then later borrow points from your 2008 UY if you change your mind and want to take a trip between now and May 31, 2008. The only problem with that is if you would need more than 1 year's worth of points for that stay. You would be limited to using only borrowed 2008 points once your 2007 points are banked.

 

[MagicalPins]

I was in a similar situation when I bought in recently from Disney. You are able to bank everything untill you close. Just give Disney a call. It won't be a problem, I had to do the same thing a couple months ago.

 

[Tinkerdreams]

I just became a member at the beginning of October with an April UY. A week after I signed and sent the papers back in I called MS and banked all my 2007 points since I was not going to be going until later in 2008. This was not a problem to do. MS told me that for new owners, the "rules" are waived.

 

[farmergirl]

Thank you so much to everyone. There must be some other error then that will not let me bank. I will try call Memer Servies today and get it all straightened out.

 

[CarolAnnC]

One of my contracts is actually a June use year also. With the new system (as of 1/2/08) you will have till the end of January to bank a June use year.

So as of January 1 you can book 100% of your June use year points till the end of that month (January).

 

[billmac50]

I'm closing on an add-on (April uy) in a few weeks and was told by my guide that I can bank the points at any time, the baking rules are waived for new purchases.