Is Ammos Travel financially secure ?
Yes. Ammos Travel is a new company in the tourism section. Our company have substantial financial reserves that exceed the requirements. This enables us to cope with major downturns in business such as that which occurred following September 11. See the next question for more information on what happens to your money.
What happens to my money when I pay for my trip ?
When Ammos Travel receives money from either you or from your travel agent, the funds are deposited into a Client Trust Account. The money stays in this account until the day of departure of your trip. Why? So that in the unlikely event of Ammos Travel ever going broke, your money is still safe and you would get it back in full.Ammos Travel Client Trust Account is independently audited every year in accordance with UK Travel standards. Failure to meet financial criteria reflecting the financial viability of a travel agent results in revocation of the agent’s license to trade. The company is licensed under these arrangements.
Is my travel agent financially secure ?
It is an unfortunate fact that travel agents do go broke from time to time. If you are using a travel agent, it is your responsibility to ensure that the agent is financially sound. This is important as the agent may hold your money before sending it to us for your trip. Should that agency go broke before we have received your money, then it may be lost. Different countries have different levels of legislation, licenses, bonds, trust accounts and/or insurance schemes to protect you. These vary greatly from country to country and some countries have no such protection at all. Please research this carefully to make sure the money you are paying is secure. Where there are no protection systems in your country, at least look at how long the business has been trading, ask others about their reputation and seek independent advice on reputable travel agencies.