What schedule contains the electronic transfer of funds authorization forms for Alloy?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 23: RECEIPTS]
Schedule C to the Franchise Agreement
(To be completed after bank account is set up)
ACH Authorization Forms
Alloy Personal Training, LLC
ACH Recurring Payment Authorization Form
Schedule your payment to be automatically deducted from your checking or savings account. Just complete and sign this form to get started!
Recurring Payments Will Make Your Life Easier:
- It's convenient (saving you time and postage)
- Your payment is always on time (even if you're out of town), eliminating late charges
Here's How Recurring Payments Work:
You authorize regularly scheduled charges to your checking or savings account. You will be charged the amount indicated below each billing period. A receipt for each payment will be emailed to you and the charge will appear on your bank statement as an "ACH Debit." You agree that no prior-notification will be provided unless the date or amount changes, in which case you will receive notice from us at least 10 days prior to the payment being collected.
Source: Item 23 — RECEIPTS (FDD pages 69–245)
What This Means (2025 FDD)
According to Alloy's 2025 Franchise Disclosure Document, the ACH (Automated Clearing House) Authorization Forms are found in Schedule C of the Franchise Agreement. This schedule includes an ACH Recurring Payment Authorization Form, which allows franchisees to authorize regularly scheduled charges to their checking or savings account.
This form provides convenience by automating payments, ensuring they are always on time, and eliminating late charges. Franchisees are charged the amount indicated for each billing period, and a receipt for each payment is emailed to them. The charge appears on the bank statement as an "ACH Debit."
Alloy does not provide prior notification unless the date or amount changes, in which case franchisees receive notice at least 10 days before the payment is collected. By completing and signing this form, franchisees agree to the terms and conditions for electronic fund transfers as part of their franchise agreement.