transfer banked points

[minnime]

I am going to be selling a contract that has banked points on it. Can I transfer those banked points to someone before the sale?

 

[erionm]

No. Points transfered in can be banked, but you can't transfer banked or borrowed points.

 

[jakers]

No. Points transfered in can be banked, but you can't transfer banked or borrowed points.

Thanks for the clarification. I am new and thought that no transferred points could be banked.

 

[dvcterry]

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.

d. Once Banked, Transferred Home Resort Vacation Points will expire at the end of the Transferring Club Member’s 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.

 

[Deb & Bill]

Thanks for the clarification. I am new and thought that no transferred points could be banked.

They can be banked, but not borrowed.

 

[jakers]

Thanks all for the information.