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The Travel Trust Association (TTA) is a trade association of Travel Agents, Tour Operators and Travel Organisers, that operate trust accounts, in order to provide total financial protection for the consumer.
A Trust Account is a bank account which has been identified as holding the funds of a third party.
The Trust Account acts as a conduit to hold funds on behalf of all parties until the services are provided or someone else becomes responsible for the protection of those funds.
Each TTA Member has a Trustee who authorises, in conjunction with the Member, the release of funds from the Trust Account. Each TTA Member has their own Trust Account; unlike other organisations the TTA does not operate one central account.
There is further protection from insurance cover provided by the Safe Seat Plan. If your money is not in the Trust Account it will reimburse the loss of any amount paid to the Travel Agent for your booking, up to a maximum any one passenger of £11,000.
The Trust Account plus the Safe Seat Plan insurance coverage will ensure that all the money which you have paid is safely protected and available to pay for those services which you have booked.
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