Lock-Off and Deposit Procedure

[Ski-Dad]

I have only had my Marriott units (MGV) for about a year now so I haven't become entirely familiar with the lock-off and deposit process.

My main question is whether it is possible to lock-off and deposit without having to interact with MVC by phone. I just added a 2 bedroom MGV lock-off to my MVC account (60 days from deed going to MVC - woo). It included 2025 usage. MVC showed no remaining 2025 Platinum weeks, so I kept checking daily and snagged week 52.

I need to call II to add this new unit to my account. I am familiar with this process.

1. Is there a way to lock-off my unit without having to call MVC?
2. Once locked-off, can I deposit this to II online? It doesn't seem as straight forward as Vistana. It also likely doesn't matter much if the answer to #1 requires a phone call. In that case, I will deposit on the phone when I call to lock-off, but its good to know how to do these things.

 

[dioxide45]

Yes, this can all be done online. When you make the reservation with MVC, select either the Master unit or the guest room. The first reservation you make you pay the lock off fee. When you make the second side, no additional fee. Since you are depositing right away, you can select “Exchange - Owner Deposit” instead of “Occupy”. Don’t select “Exchange - Marriott Deposit”. When the two reservations are made with MVC, log in to the II website and deposit each side, entering the applicable confirmation number for each.

 

[Ski-Dad]

Yes, this can all be done online. When you make the reservation with MVC, select either the Master unit or the guest room. The first reservation you make you pay the lock off fee. When you make the second side, no additional fee. Since you are depositing right away, you can select “Exchange - Owner Deposit” instead of “Occupy”. Don’t select “Exchange - Marriott Deposit”. When the two reservations are made with MVC, log in to the II website and deposit each side, entering the applicable confirmation number for each.

Thank you. To clarify, you make them as separate reservations in the first instance?

Now that I have already reserved as occupy a 2 bedroom lock-off, I have missed that step. I presume the only fix now is a call.

 

[jwalk03]

Thank you. To clarify, you make them as separate reservations in the first instance?

Now that I have already reserved as occupy a 2 bedroom lock-off, I have missed that step. I presume the only fix now is a call.

Yes you make 2 separate reservations for each half online.

And yes if you have already made your reservation the only way to change it now will be to call.

 

[davidvel]

Yes, this can all be done online. When you make the reservation with MVC, select either the Master unit or the guest room. The first reservation you make you pay the lock off fee. When you make the second side, no additional fee. Since you are depositing right away, you can select “Exchange - Owner Deposit” instead of “Occupy”. Don’t select “Exchange - Marriott Deposit”. When the two reservations are made with MVC, log in to the II website and deposit each side, entering the applicable confirmation number for each.

While dioxide is accurate, we don't trust Marriott, merely because they even have an Exchange Marriott Deposit option. So we always do Occupy then go to II and choose Deposit (each separately reserved) Unit. This way we feel more confident the actual units we reserved are deposited. Admittedly paranoid but not difficult to do.

 

[Dean]

While dioxide is accurate, we don't trust Marriott, merely because they even have an Exchange Marriott Deposit option. So we always do Occupy then go to II and choose Deposit (each separately reserved) Unit. This way we feel more confident the actual units we reserved are deposited. Admittedly paranoid but not difficult to do.

Same here. We had this discussion recently. It's unclear why they offer the option of Exchange-Owner Deposit. It could possibly make it easier/quicker for MVC to confirm the deposit but since II will allow you to search and even confirm an exchange prior to MVC actually confirming the deposit, I'm not trusting them either.

 

[jwalk03]

Agree. I always do owner occupy and then deposit to II myself.

 

[hangloose]

I do the lock-off and reserve each side online with MVCI. Then, I manually enter the info into my II account to Deposit. II takes a day or two to verify, then I'm good.

BTW - Nice catch on the MGV Wk 52 this late! I had an MGV 2BR week I forgot to reserve, and was forced to reserve at Beachplace as I couldn't find any MGV availability. It's going into II...so okay. But...MGV Wk52 would have likely had better TDI.

 

[dioxide45]

Thank you. To clarify, you make them as separate reservations in the first instance?

Now that I have already reserved as occupy a 2 bedroom lock-off, I have missed that step. I presume the only fix now is a call.

Since you already have a reservation, you need to call to do anything. You can simply pay the fee to lock off the reservation now and have the same checkin and checkout dates. If you want to change any of the dates, you will likely ahve a reservation change fee since your week isn't enrolled in Abound. You don't need to worry about "Occupy" or "Exchange-Owner Deposit" since those are options you select online. I've never had them ask me about that when calling.

 

[dioxide45]

While dioxide is accurate, we don't trust Marriott, merely because they even have an Exchange Marriott Deposit option. So we always do Occupy then go to II and choose Deposit (each separately reserved) Unit. This way we feel more confident the actual units we reserved are deposited. Admittedly paranoid but not difficult to do.

Same here. We had this discussion recently. It's unclear why they offer the option of Exchange-Owner Deposit. It could possibly make it easier/quicker for MVC to confirm the deposit but since II will allow you to search and even confirm an exchange prior to MVC actually confirming the deposit, I'm not trusting them either.

Agree. I always do owner occupy and then deposit to II myself.

While I can understand the hesitation with trusting Marriott. It would really be no different than trusting them not to accidentally deposit your 'Occupy' reservation. The reality is that, for the owner, 'Exchange-Owner Deposit' works theoretically the same as "Occupy'. You pick your dates, make the reservation, get an email with a confirmation number and go to II and deposit it. Marriott isn't involved in the deposit process.

I don't fully understand the difference and not sure anyone on the front line with Marriott could explain the difference either. I suspect the 'Exchange-Owner Deposit' is there for administrative reasons, thus I use it if we ever make 12-month reservation. That is rare as we usually are making 13-month reservations. Those are made over the phone and I would expect are made as 'Occupy'. Though you can't see that after the fact.

If you can't trust Marriott, you can certainly trust another owner who has used the 'Exchange-Owner Deposit' option several times. It really does work. It isn't a conspiracy (for those that accuse others of conspiracies ) by Marriott to steal your high TDI weeks before depositing them.

 

[davidvel]

While I can understand the hesitation with trusting Marriott. It would really be no different than trusting them not to accidentally deposit your 'Occupy' reservation. The reality is that, for the owner, 'Exchange-Owner Deposit' works theoretically the same as "Occupy'. You pick your dates, make the reservation, get an email with a confirmation number and go to II and deposit it. Marriott isn't involved in the deposit process.

I don't fully understand the difference and not sure anyone on the front line with Marriott could explain the difference either. I suspect the 'Exchange-Owner Deposit' is there for administrative reasons, thus I use it if we ever make 12-month reservation. That is rare as we usually are making 13-month reservations. Those are made over the phone and I would expect are made as 'Occupy'. Though you can't see that after the fact.

If you can't trust Marriott, you can certainly trust another owner who has used the 'Exchange-Owner Deposit' option several times. It really does work. It isn't a conspiracy (for those that accuse others of conspiracies ) by Marriott to steal your high TDI weeks before depositing them.

So when you choose Owner Deposit vs. Occupy, you have to still manually deposit with II? I have never done it but thought it might mean it would just be deposited form that point forward--nothing more to do.

That doesn't help my paranoia as to why the option exists if that is the case. But not a conspiracy that groups are working together in some back room to ... well maybe. I guess the difference is I acknowledge my irrational thought and don't espouse the idea that I think I may be getting screwed is a fact and actually occurring.

 

[dioxide45]

So when you choose Owner Deposit vs. Occupy, you have to still manually deposit with II? I have never done it but thought it might mean it would just be deposited form that point forward--nothing more to do.

You still have to take the manual steps of depositing it with II. That is what 'Owner Deposit' means. Nothing really different than 'Occupy' and depositing.

I've suspected that they assign a different range of confirmation numbers to 'Exchange-Owner Deposit' than they assign to 'Occupy'. Though I don't know if that is true or not. I also don't know what would happen if you tried to check in to the resort on an 'Exchange-Owner Deposit' reservation. Both types show up in your Bonvoy account on Marriott.com until deposited.

'Exchange-Marriott Deposit' is a different animal altogether. With that, you don't pick dates. Marriott just picks a week and deposits it. Or they transfer an existing deposit into your name. You may may get a deposit that is a few months old that also shortens your deposit expiration. Some have noted that they sometimes get a late deposit which is then restricted inside Flexchange. I would never pick 'Exchange-Marriott Deposit'.

 

[davidvel]

You still have to take the manual steps of depositing it with II. That is what 'Owner Deposit' means. Nothing really different than 'Occupy' and depositing.

I've suspected that they assign a different range of confirmation numbers to 'Exchange-Owner Deposit' than they assign to 'Occupy'. Though I don't know if that is true or not. I also don't know what would happen if you tried to check in to the resort on an 'Exchange-Owner Deposit' reservation. Both types show up in your Bonvoy account on Marriott.com until deposited.

'Exchange-Marriott Deposit' is a different animal altogether. With that, you don't pick dates. Marriott just picks a week and deposits it. Or they transfer an existing deposit into your name. You may may get a deposit that is a few months old that also shortens your deposit expiration. Some have noted that they sometimes get a late deposit which is then restricted inside Flexchange. I would never pick 'Exchange-Marriott Deposit'.

Wow, that 2nd paragraph is utterly nuts and scary.

 

[Ski-Dad]

Thank you. This has been quite helpful. I even had my follow-up question of the difference between Exchange-Owner Deposit and Exchange-Marriott Deposit answered.

 

[Dean]

While I can understand the hesitation with trusting Marriott. It would really be no different than trusting them not to accidentally deposit your 'Occupy' reservation. The reality is that, for the owner, 'Exchange-Owner Deposit' works theoretically the same as "Occupy'. You pick your dates, make the reservation, get an email with a confirmation number and go to II and deposit it. Marriott isn't involved in the deposit process.

I don't fully understand the difference and not sure anyone on the front line with Marriott could explain the difference either. I suspect the 'Exchange-Owner Deposit' is there for administrative reasons, thus I use it if we ever make 12-month reservation. That is rare as we usually are making 13-month reservations. Those are made over the phone and I would expect are made as 'Occupy'. Though you can't see that after the fact.

If you can't trust Marriott, you can certainly trust another owner who has used the 'Exchange-Owner Deposit' option several times. It really does work. It isn't a conspiracy (for those that accuse others of conspiracies ) by Marriott to steal your high TDI weeks before depositing them.

As noted, we discussed this before. It might be a relic of some past process but you and I both believe there is likely a behind the scenes difference and none of us know what that difference is. We know that both options currently work for II deposit and I don't recall anyone saying they had a problem either way. As a minimum I would be concerned if I decide not to deposit or to change the dates. I'd also be concerned they might go ahead and deposit anyway though I don't recall anyone saying that has happened to them. I'd love to know the actual reason that option is present.

 

[Ski-Dad]

I got set up in II. Easy peasy.

Called MVC to lock-off and deposit both sides. That's 55 minutes of my life I will never get back. Got it done in the end, but you would think the process involved cracking an encrypted code. The units showed up in my II account an hour or so later.

Interestingly, particularly for those prone to conspiracy theories, both deposits state "Supplemental week". What exactly does that mean? Does it impact trade power?

 

[dioxide45]

'Supplemental week' is what I usually see on our Harbour Lake deposits where I have to call and ask II to deposit the second half of our lock off. It doesn't really mean anything different. Trade power is the same. Though I am wondering why you didn't listen to us and just have MVC get your reservations then go to the II website and make the deposits yourself. They wouldn't have showed 'Supplemental week' if you had done them through the II website on your own. It probably would have also saved you a lot of time.

Also, does your unit show up in II as Florida Club (MOI)?

 

[iftravel]

Can you still do “request first” on top of this convoluted “deposit first” for lockoffs?

 

[Hindsite]

Can you still do “request first” on top of this convoluted “deposit first” for lockoffs?

If you have weeks reserved via MVC for your lock-offs you can do request first in II for them without depositing then. A hold is put on them that looks and sounds like when they are deposited, but they aren't actually deposited.

When you deposit, you put in a request to do a search, its called deposit first, as you've already deposited.

You can also manually search whether you have deposited or not, and, if you haven't deposited you put in the reservation number and check-in date for the week that you have reserved and it will get pulled through to be deposited when II do the verification of the exchange.

 

[Pamplemousse]

Also if you want to search II for viable inventory before you even reserve your week go under exchange, my units and click on one of the week placeholders and when it asks for a reservation number just put 999999999.