In these turbulent financial times, understanding where you send your money is imperative. Sending tens of thousands of dollars to an overseas company, well in advance of your arrival, presents tremendous financial exposure to a university. WorldStrides is a privately held, U.S.-based company with substantial banking and credit relationships around the world. We maintain strong ratings with Dunn & Bradstreet and the Better Business Bureau. Additionally, we hold several standing foreign currency accounts and can purchase forward contracts specific to your trip, should you wish to guarantee pricing in U.S. dollars, further minimizing financial risk to your university.
When you travel with WorldStrides, you and your students are also protected through the $1 million USTOA Travelers Assistance Program. As a member of USTOA, WorldStrides is required to post $1 million to be used to reimburse, in accordance with the terms and conditions of the USTOA Travelers Assistance Program, the advance payments of WorldStrides customers in the unlikely event of WorldStrides’ bankruptcy, insolvency, or cessation of business. Further, you should understand that the $1 million posted by WorldStrides may be sufficient to provide only a partial recovery of the advance payments received by WorldStrides. Complete details may be obtained by writing to USTOA at 275 Madison Avenue, Suite 2014, New York, New York 10016, by email to email@example.com, or on the web at www.ustoa.com.