When to bank points?

[minniemomof3]

I am very new to DVC, I have 50 points left from August 2006 Use year which we won't be using until Dec 2007.

Do I have until July 31st 2007 to bank these points?

 

[RobDoc]

With an August Use Year, you have until January 31 to bank up to 100% of your points for the current Use Year. You can bank up to a total of 50% until April 30 and up to a total of 25% thru May 31. No points may be banked in June or July.

The banking percentages are cumulative - so if you own 150 points, you can bank all by the end of January - but any banked during that time will also count towards the subsequent banking deadlines - so if you bank 75 or more points before January 31, you won't be able to bank any more points after that date since you will already have 50% banked for that Use Year.

If you should bank points and later find that you want to take a trip before your points are renewed againm you cannot unbank points - but can borrow from the following Use Year.

Enjoy!

 

[minniemomof3]

Thanks for the thorough response! I can always count on the dis to answer my questions. It's unbelievale how little I new about Disney and DVC before joing the dis boards.


Happy Holidays!

 

[byoung]

When I know I am not booking another trip I bank.

 

[tacomaranch]

Sorry, I got lost in translation. What is the month time period to bank at 100% of the points left over for a year? Then what is the month breakdown? Thanks, April

 

[Deb & Bill]

You have 6 months to bank 100% of the points. After that you either use them or lose them in percentages. We've never gotten that far out without banking or using.

 

[CarolMN]

100% deadline is end of the 6th month following your use month.
50% is end of the 9th month.
25% is end of the 10th month.
No banking at all in months 11 & 12.

So for example, with a December use year, 100% deadline is last business day of May, 50% deadline is last business day of August, 25% deadline is last business day of September. With a December use year, no banking at all is allowed in October & November.

 

[JimMIA]

You may want to go to www.caskbill.com and download Bill's excellent DVC Planner software. It's free for personal use, and one of the things it does is keep track of your banking deadlines.

The DVC member website also tells you when you can bank, and you can do your banking online.

 

[Deb & Bill]

100% deadline is end of the 6th month following your use month.
50% is end of the 9th month.
25% is end of the 10th month.
No banking at all in months 11 & 12.

So for example, with a December use year, 100% deadline is last business day of May, 50% deadline is last business day of August, 25% deadline is last business day of September. With a December use year, no banking at all is allowed in October & November.

Correct me if I am wrong (like I said, we never get this far with banking), but the 50% and 25% is of the points left unused, correct?? So if you have 100 points (out of 400) left unused, you can only bank 50 or 25, right? Not all 100.

 

[Dean]

Correct me if I am wrong (like I said, we never get this far with banking), but the 50% and 25% is of the points left unused, correct?? So if you have 100 points (out of 400) left unused, you can only bank 50 or 25, right? Not all 100.

No, it's based on the totals in the master contract.

 

[RobDoc]

Correct me if I am wrong (like I said, we never get this far with banking), but the 50% and 25% is of the points left unused, correct?? So if you have 100 points (out of 400) left unused, you can only bank 50 or 25, right? Not all 100.

No - all banking percentages are based on the total number of points in the contract. If you have a 400 point contract - the percentages will be based on that number and the percentages are cumulative.

With a 400 point contract - you may bank up to that number during the first 6 months. If you bank 200 (or more) points during that timeframe - you won't be able to bank any more points during the 50% or 25% periods since you will already be above those percentages of the total points in the contract.

If you have not banked any points - and are at the 25% timeframe - you may bank up to 100 points from your 400 total.

 

[Deb & Bill]

No - all banking percentages are based on the total number of points in the contract. If you have a 400 point contract - the percentages will be based on that number and the percentages are cumulative.

With a 400 point contract - you may bank up to that number during the first 6 months. If you bank 200 (or more) points during that timeframe - you won't be able to bank any more points during the 50% or 25% periods since you will already be above those percentages of the total points in the contract.

If you have not banked any points - and are at the 25% timeframe - you may bank up to 100 points from your 400 total.

So if you bank part of your points in the first 6 months, then you can only bank up to 50% or 25% (depending on when) of the total for the entire year??

Example - 400 points (to make it easy) - Sept UY.
Bank 100 points in Dec. Plan to use 300 later to make a reservation.
Change plans and only use 100. Leaves you with 200. In March, you can only bank another 100 points for a total of 200 since you are at 50% time frame.

 

[Caskbill]

And, keep in mind that the 'master contract' isn't necessarily a single DVC purchase but can be a combined purchase of several 'add on contracts'.

EG you purchase 200 SSR points. You later add on 50 BCV points. You later yet add on 100 points at VWL, and finally add 50 points at OKW.

Your 'master contract' now is for 400 points and all banking percentages are based on that and not individually on the 200, 50,100, and 50 point contracts.

Thus if you used all of your 200 SSR points one year, but none of your BCV, VWL, or OKW points, you could still bank all of them (50+100+50) during your 50% banking window because the total (200) is only 50% of your total master contract (400 points).

If you puchase additional contracts resale, and they have different use year months, each one is a new 'master' contract. If they have the same use year month, they may or may not be combined under a single 'master' contract.

All master contracts are under a single membership number. If you have more than a single membership number, then you have more than a single 'master' contract.

 

[Caskbill]

So if you bank part of your points in the first 6 months, then you can only bank up to 50% or 25% (depending on when) of the total for the entire year??

Example - 400 points (to make it easy) - Sept UY.
Bank 100 points in Dec. Plan to use 300 later to make a reservation.
Change plans and only use 100. Leaves you with 200. In March, you can only bank another 100 points for a total of 200 since you are at 50% time frame.

Yes, that's correct per your example.

 

[LisaS]

So if you bank part of your points in the first 6 months, then you can only bank up to 50% or 25% (depending on when) of the total for the entire year??

Example - 400 points (to make it easy) - Sept UY.
Bank 100 points in Dec. Plan to use 300 later to make a reservation.
Change plans and only use 100. Leaves you with 200. In March, you can only bank another 100 points for a total of 200 since you are at 50% time frame.

That particular set of numbers could lead to multiple interpretations, so let's try a slightly different example.

Example - 300 points - Sept UY.
Bank 100 points in Dec. Use 50 points early in the UY, leaving you with 150. In March, you can only bank another 50 points of the remaining 150 for a total of 150 points banked since you are at 50% time frame.

 

[tacomaranch]

Ok, I think I have it. Our UY is April so I have until August 31st to bank all the points not used up or at that point start to loose them at a decreasing % rate?

We plan to go each May and then for MNSSHP and my birthday in September. In order to stay at OKW we will have to have this booked before Aug. 31, so do you think, in reality, I will be able to know what to bank each year?

Urg, harder than what I thought. Any other rules I should know? We signed the papers Friday and DH is getting his half of the money Wednesday morning. We are sending it all certified mail and should close by Jan 19, 2007.

How long before we can get into the system to make the May plans? Do you think we will have problems getting our home resort OKW for the last week in May?

Thanks friends and Merry Christmas.

April

 

[SUSIEQ]

Ok, I think I have it. Our UY is April so I have until August 31st to bank all the points not used up or at that point start to loose them at a decreasing % rate?

We plan to go each May and then for MNSSHP and my birthday in September. In order to stay at OKW we will have to have this booked before Aug. 31, so do you think, in reality, I will be able to know what to bank each year?

Thanks friends and Merry Christmas.

April

I'm new to this, but with an April UY, I believe you have until September 30 to bank 100% of your points. I know someone will correct me if I'm wrong!

 

[LisaS]

I'm new to this, but with an April UY, I believe you have until September 30 to bank 100% of your points. I know someone will correct me if I'm wrong!

Yes, that is correct. There is a handy table of banking deadlines on vascubaguy's website: http://members.cox.net/disneyvacationclub/pages/Charts/charts.htm