Does Atwell Suites charge a fee if settlement funds are received by wire transfer?
Atwell_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
- (e) Wire Fees. If you receive settlement funds by wire transfer, we may charge a wire transfer fee per wire.
Source: Item 23 — Receipts (FDD pages 99–486)
What This Means (2025 FDD)
According to Atwell Suites' 2025 Franchise Disclosure Document, Atwell Suites may charge a fee if settlement funds are received by wire transfer.
Specifically, the FDD indicates that if a franchisee receives settlement funds via wire transfer, Atwell Suites has the option to charge a wire transfer fee for each wire. This means that franchisees should be aware of potential charges associated with this method of receiving funds.
This fee would likely cover the administrative costs incurred by Atwell Suites or its payment processors for handling wire transfers. Franchisees should consider this potential cost when evaluating their options for receiving settlement funds and factor it into their financial planning. It would be prudent for a prospective franchisee to confirm the exact amount of the wire transfer fee with Atwell Suites to accurately budget for this expense.