Deposit Week / Early Deposit
Deposit Week and Early Deposit are terms used when banking vacation / timeshare ownership with an exchange network such as Resort Condominiums International (RCI) or Interval International (II). When you deposit or bank your vacation / timeshare ownership with an exchange network, you are allowing that Exchange Company the right to the usage of the timeshares week for that given year.
You are able to deposit your vacation / timeshare ownership as early as two years before the given occupancy date, this is know as an early deposit. By depositing the ownership in this way you are allowing the exchange network more time to fill your ownership with an in coming exchange, and in turn you receive a higher trading power. Once you have deposited your ownership you can start thinking about your exchange holiday or vacation. You are also able to deposit your vacation / timeshare ownership as late as 14 days before the arrival date. This is not advised as your first option because of the trading power being lower due to the late deposit, however this can be convenient if your plans suddenly change at late notice and you find yourself cancelling your vacation or holiday at your home resort.
Once your request is available, whether they have it straight away or they have notified you when it is available, your reservation with them will be confirmed by them either by email or by post and you can start to make arrangements for your forth coming holiday or vacation.
Go back to Timeshare Glossary of Terms
