What happens if an Alloy franchisee incurs penalties associated with the electronic transfer of funds?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
holiday, I understand that the payment may be executed on the next business day. I understand that because this is an electronic transaction, these funds may be withdrawn from my account as soon as the above noted periodic transaction dates. In the case of an ACH Transaction being rejected for Non Sufficient Funds (NSF) I understand that Alloy Personal Tr
Source: Item 23 — RECEIPTS (FDD pages 69–245)
What This Means (2025 FDD)
According to the 2025 Alloy FDD, if an electronic transfer of funds is rejected due to Non-Sufficient Funds (NSF), Alloy Personal Training, LLC has the discretion to attempt to process the charge again within 30 days.
For each attempt returned NSF, the franchisee agrees to an additional $25 charge. This $25 charge will be initiated as a separate transaction from the authorized recurring payment.
This policy ensures that Alloy can recover costs associated with failed electronic transactions and provides a clear process for handling NSF situations. As a prospective franchisee, it's important to maintain sufficient funds to avoid these additional charges and understand the electronic transaction terms.