Bonding and safeguarding your money
The money you send us is secure.
The Package Travel Regulations 1992 require us to provide security for the monies that you pay for the package holidays booked with Untamed Borders Ltd for your repatriation in the unlikely event of our insolvency.
There are three ways we can do this:
Either we can put a sum of money as a deposit as a bond, get financial failure insurance or put your money in a trust account managed by a third party.
Untamed Borders puts your money into a trust account. All funds paid to Untamed Borders either as deposits or as payments for trips are kept separate from the business in a secure client trust account held in a regulated United Kingdom bank. This means that even in the unlikely event we go bust, your money will be held in a separate account that our creditors cannot touch. These funds are not released to the company until after the successful completion of the trip for which we have been paid has been accomplished and an authorised release has been received by the trustee of the account.
This arrangement also satisfies the legislative requirements that need to be made to meet European Union Council Directive 90/314/EEC as implemented in the United Kingdom through The Package Travel, Package Holidays and Package Tours Regulations 1992; and specifically Regulations 16 and 20.