NTA and National City Bank offer Escrow Program
National City Bank recently announced it has entered into a Pilot Endorsement Agreement with the National Tour Association to promote the Travel Funds Protection Plan to its members. The agreement was approved by NTA’s Board of Directors at the NTA Tour Operator Spring Meet in Kelowna, British Columbia, earlier this month.
The Travel Funds Protection Plan is a unique escrow program that offers protection for deposited travel funds and provides benefits to tour operators, travel agents, group travel planners, and their customers and suppliers of ground transportation. Pre-payments and deposits to providers of travel services are allowed under the plan. It’s the only consumer protection plan endorsed by the National Tour Association and approved by the California Seller of Travel law.
“NTA strives to provide its members with resources to strengthen their business,” said NTA Chairman and CEO Randy Julian. “With National City Bank and the Travel Funds Protection Plan, travelers who purchase packaged travel through a participating NTA member can rest assured that not only will they receive a great travel experience, but they will have piece of mind knowing that they and their travel investment are in good hands”.
NCB is one of the leading travel industry depository banks in the nation, delivering customized financial programs to the travel industry, including surety trust agreements, escrow agreements for public charters and single entity charters, special purpose depository escrow accounts and the Travel Funds Protection Plan escrow program.
For more information, contact: 248-729-8375, www.nationalcity.com, www.nta.travel
Courtesy of grouptravelblog.com
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