How will Aerus notify franchisees about electronic fund transfers?
Aerus Franchise · 2025 FDDAnswer from 2025 FDD Document
At Company's option, Company may withdraw funds from Franchisee's designated bank account by electronic funds transfer or comparable method in the amount of any Payment or any other amounts due hereunder to Company and for all subsequent payments due to Company, as further described in the Manuals or otherwise in writing. Franchisee shall at all times maintain in its designated bank account a minimum balance in the amount specified in the Manuals.
Source: Item 23 — Receipts (FDD pages 74–305)
What This Means (2025 FDD)
According to Aerus' 2025 Franchise Disclosure Document, Aerus may withdraw funds from a franchisee's bank account via electronic funds transfer for payments or other amounts due. The details of this process are further described in the manuals or in writing.
Specifically, the FDD states that Aerus has the option to use electronic fund transfers. The franchisee is expected to maintain a minimum balance in their designated bank account, as specified in the manuals.
While the FDD mentions that details about electronic fund transfers are in the manuals or provided in writing, it does not specify how Aerus will notify franchisees about upcoming electronic fund transfers or provide receipts for these transactions. A prospective franchisee should ask Aerus for more specific information on how they will be notified before funds are electronically withdrawn from their account and how they will receive confirmation of these transactions.