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Has anyone done a transfer since "TPUs" were instituted?

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  • Has anyone done a transfer since "TPUs" were instituted?

    According to the Member Terms and Conditions this is possible - I wonder if anyone has transferred "Deposit Credits" from one account to another?
    What has been your experience?

    Membership Terms and Conditions
    http://www.rci.com/docs/KnowledgeBas...ofRCIWeeks.pdf

    Weeks Terms of Membership
    RCI® Weeks Terms and Conditions (English)

    Page W5
    Definitions
    E. “Combined Deposit” means the combining of two or more Deposits or Deposit Credits. Combined Deposits may themselves be combined or combined with Deposits and/or Deposit Credits to obtain a new Combined Deposit.

    J. “Deposit Credit” means a non-monetary credit that may be used towards a future vacation or Combined Deposit, placed on a Member’s account after the Member makes an exchange using a Deposit, Combined Deposit or other Deposit Credit which has a higher Deposit Trading Power than the Exchange Trading Power of the Confirmed Exchange the Member has reserved.

    I. “Deposit” means a unit of Vacation Time for which the use rights have been relinquished to RCI for use by RCI as described in the Terms and Conditions; Deposit may also include Deposit Credits and/or Combined Deposits.

    W. “Member” or “RCI Weeks Subscribing Member” means someone who is authorized to participate in the RCI Weeks Exchange Program. The terms “RCI Weeks Subscribing Member” and “Member” shall be deemed to include a Corporate Participant. Membership denotes a subscription to Endless Vacation® magazine; RCI Weeks Exchange Program benefits are generally obtained via this subscription.

    Page W12

    17. Transfer of Deposited Vacation Time, Combined
    Deposits or Deposit Credits
    .
    Subject to RCI’s approval, a Member may transfer a Deposit to another Member, if the transferring Member
    a) submits to RCI a completed Membership Transfer Application, by mail or facsimile;
    b) pays the applicable fee, listed on RCI’s website at www.rci.com, for each such transfer; and
    c) the transferring Member represents to RCI that the Member is not transferring the Deposit in return for compensation or commercial use.
    Pat
    *** My Website ***

  • #2
    I have transferred weeks to other members this way in the past, but when I called a couple of weeks ago to see if I could transfer TPUs I was told no. However the guide did not seem very knowledgeable. Maybe another one would give a different answer.
    Jacki

    Comment


    • #3
      Originally posted by jackio
      I have transferred weeks to other members this way in the past, but when I called a couple of weeks ago to see if I could transfer TPUs I was told no. However the guide did not seem very knowledgeable. Maybe another one would give a different answer.
      That is what I was thinking......when I had looked last week I also thought I saw a fee of $99 for a transfer, the same as a combo fee, but when I looked for it today, I did not see that.

      It is interesting that they clarify what a 'member' is and that it can be a corporate entity as well - such as a Wyndham/HGCVC/Bluegreen membership.

      I will try to find more information.
      Pat
      *** My Website ***

      Comment


      • #4
        Saw this posted elsewhere - thought I would share

        http://www.rci.com/docs/KnowledgeBas...ns_agrmt_1.pdf


        I have done this twice. Technically, you can't transfer TPUs. You can transfer deposits, but only the entire deposit. You can have several 'combined deposits' in your account, each with a unique relation number.

        To see the list of your individual (even combined) deposits, sign in to RCI; click on 'Manage Deposits'; click on 'Weeks You've Already Deposited'.

        You will see a list of all your weeks on deposit, including combined weeks and leftover TPUs from exchanges. Click on the red cross to the left of each week and you will see additional info, including the relationship number. The relationship number is how you identify the week you wish to transfer

        The form to do so is on the RCI website at
        http://www.rci.com/docs/KnowledgeBas...ns_agrmt_1.pdf
        and the transfer fee is $99. regardless of how many weeks you transfer. To transfer weeks, you fill out sections A, B and D. I crossed out section C when I did this so RCI wouldn't mistakenly transfer ownership of the week vs. spacebanked deposits.
        Transfer of TPU's between RCI accounts
        Pat
        *** My Website ***

        Comment

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