Yes, Bank points are just what you thought. 'Now' points = Instead of choosing the option to save the points for a later date; you use them right away for a reward. I did cooking today so that will be my example. One Bod had 210 'now' points. I was able to choose any ONE reward up to that amount. If I chose a reward worth less than 210 - I lost the extra points. After I got my titles, any reward under 200 points I banked. Some were only 10 now points and .2 bank points. For those, I chose the 250 charge tool.