Banking is the process of moving unused points from the current Use Year to the next. Members can transfer up to 100% of the current year's use points to the next year if they do it by the end of the eighth month of the contract's Use Year. After the eighth month, owners can't bank any more points, and they must be used or they will expire. There is no more banking after that time. Once the points are banked, they cannot be transferred again into another Use Year. Also, the points cannot be returned to the original Use Year once banked.
Banking deadlines are set based on your Use Year and eight months from when you get your points. For example, an April Use Year will have vacation points in your account on April 1st. If you don't plan to use the current year's points, bank them for next year. It's crucial to remember that the decision to bank the points must be made by the banking deadline for the April Use Year, which is November 30th.
