Everyone knows that Disney vacations are the “trips of a lifetime”. Everyone also knows that Disney vacations are expensive as hell, with many families needing a small loan to take a week long trip. The prices aren’t going down anytime soon either, with new options like the “Bora Bora Bungalows” being seemingly crafted for those looking to drop a fortune on a vacation. Now the park chain has developed an all new system that helps you plan for your dream vacation. The Disney Vacation Account allows you to plan your vacation up to five years in advance, and allows you to automatically deduct a monthly fee to prepare.
Simply put, the Disney Vacation Account automatically deducts money from your debit or credit card, and saves up money for your Disney vacation. You can start planning about five years out, and use the account to pay for your visit. The account is good for Walt Disney World Resort in Florida, Disneyland in California, Disney Cruise Line, Aulani in Hawaii, and Adventures by Disney excursions.
The concept is pretty handy, as you can adjust how much you want to save on a monthly basis, and if you need to refund it for any reason, you can request a full or partial refund. You can also keep saving, even though you request a refund.
For a limited time, Disney is also giving a bonus when you use the Vacation Account to save for your vacation. For every $1000 dollars you spend, you will receive a $20 dollar bonus, up to $500 dollars.
If you think about it, it’s really quite a genius idea on Disney’s side. They get you planning for your trip, and get you to deposit money in what is essentially a no interest savings account. The parks will charge you no fees, nor will you get any money accrued into your account as you would with a traditional savings account. Disney is even using an FDIC insured account to store your money. From Disney’s side it’s a win-win, because not only do they get payments in advanced, those payments are then used to spend exclusively in their parks at a later date, pretty much guaranteeing that they have a constant cash flow. The only foreseeable downside is that the price that you begin saving for is not locked in, meaning that when (not if) the prices go up, you still have to come up with the difference….unless of course you buy your tickets and book your rooms right away, but what’s the point of saving if you’re just going to do that?
Still it looks like a very handy tool for vacationers, and is free to use.