Can Aerus withdraw funds from the franchisee's bank account, and if so, how?
Aerus Franchise · 2025 FDDAnswer from 2025 FDD Document
- A. 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.
ATTACHMENT B
ELECTRONIC FUNDS TRANSFER AUTHORIZATION
The undersigned Depositor (Franchisee) hereby authorizes and requests the Depository designated below to honor and to charge to the following designated account, checks and electronic debits (collectively, "debits") drawn on such account which are payable to Aerus Franchising, LLC (or its designee) as Payee at the banking institution, account number and ABA number to be separately provided to Depository by Payee. It is agreed that Depository's rights with respect to each such debit shall be the same as if it were a check drawn and signed by the Depositor. It is further agreed that if any such debit is not honored, whether with or without cause and whether intentionally or inadvertently, Depository shall be under no liability whatsoever. This authorization shall continue in force until Depository and Payee have received at least thirty (30) days written notification from Depositor of its termination.
The Depositor agrees with respect to any action taken pursuant to the above authorization:
Source: Item 23 — Receipts (FDD pages 74–305)
What This Means (2025 FDD)
According to Aerus's 2025 Franchise Disclosure Document, Aerus has the option to withdraw funds from a franchisee's designated bank account. This can be done through electronic funds transfer or a comparable method. These withdrawals can cover any payments or amounts the franchisee owes Aerus under the Franchise Agreement. Further details regarding this process are outlined in the manuals or in writing.
As a condition, Aerus requires franchisees to maintain a minimum balance in their designated bank accounts, with the specific amount detailed in the manuals. This ensures that funds are available for withdrawal when Aerus needs to collect payments.
To facilitate these electronic fund transfers, Aerus requires franchisees to complete an Electronic Funds Transfer Authorization form. This form authorizes the franchisee's bank to honor and charge the designated account for electronic debits payable to Aerus. The authorization remains in effect until the franchisee provides at least thirty days' written notice of termination to both the bank and Aerus. The franchisee also agrees to indemnify both the bank and Aerus for any losses resulting from these debits, including dishonored payments.