Banking Staroptions

[cyntravel]

I was just told I can not bank my staroptions from my home reservation?

 

[tschwa2]

If you have restricted SO's they can't be banked. Restricted SO's result from cancelling too close to check in. It may even be as far out as 60 days or less( but not sure when that kicks in). If you had to pay a fee to cancel, it's likely they are restricted.

 

[carpie99]

Flex resale?

 

[cyntravel]

Hi update. After the third person I got a really nice resolutions representative who helped me out. She waived the restrictions on banking my star options and I paid a cancellation fee because I was less than 60 days. I was very happy and very Blessed!

 

[dioxide45]

We are also currently past the banking deadline.

 

[CPNY]

Does anyone know, if I bank my staroptions from my HRA 2019 allotment are now banked through 2021, would I lose them if I sold the contract? I was told as long as I have an ownership in network and I was a member I would be fine, but I’m hearing otherwise.

I own harborside and banked, I also own SVV key west, I’m selling my harborside. When it disappears will all of my banked options go as well? Should I make a reservation or will that be cancelled?

 

[dioxide45]

As long as you still have an ownership in your account (and it is in the same account), then you won't lose the banked StarOptions. I have done this a couple times. The banked StarOptions are yours and can't be reversed or transferred.

You could run in to a problem if your SVV account has different names than your HRA account and you use different logins. But if you have the same login, then no issues.

 

[CPNY]

As long as you still have an ownership in your account (and it is in the same account), then you won't lose the banked StarOptions. I have done this a couple times. The banked StarOptions are yours and can't be reversed or transferred.

You could run in to a problem if your SVV account has different names than your HRA account and you use different logins. But if you have the same login, then no issues.

Excellent. Yes same name same account.

 

[PcflEZFlng]

Would banking the SOs adversely impact the buyer's use of the contract? Meaning, for example, if you sold an EOYE contract in January 2020 but first banked the 2020 allotment, would the buyer still be able to use the contract (i.e. make a reservation) in 2020, or would they have to wait until 2022? (Suppose that this example is for a voluntary resort where the SOs wouldn't convey with the contract anyway.)

 

[dioxide45]

Would banking the SOs adversely impact the buyer's use of the contract? Meaning, for example, if you sold an EOYE contract in January 2020 but first banked the 2020 allotment, would the buyer still be able to use the contract (i.e. make a reservation) in 2020, or would they have to wait until 2022? (Suppose that this example is for a voluntary resort where the SOs wouldn't convey with the contract anyway.)

ey would have to wait until 2022 unless you made a reservation for them and added their name. Technically the MF for EOY are paid 50% each year in the year before and the year of usage. However, trying to sell a first use of 2022 in 2020 may be hard.

 

[PcflEZFlng]

ey would have to wait until 2022 unless you made a reservation for them and added their name. Technically the MF for EOY are paid 50% each year in the year before and the year of usage. However, trying to sell a first use of 2022 in 2020 may be hard.

Thanks, that makes sense and I thought that would be the case.

 

[GrayFal]

Hi update. After the third person I got a really nice resolutions representative who helped me out. She waived the restrictions on banking my star options and I paid a cancellation fee because I was less than 60 days. I was very happy and very Blessed!

I am glad you were able to resolve this.