When is the insufficient funds fee due for Basecamp Fitness?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
olation | As incurred | Payable only if a required report or financial statement is not delivered when due. | | Type of Fee | Amount (Note 1) | Due Date | Remarks | |---------------|---------------------------|--------------|----------------------------------------------| | Insufficient | $100 per check that you | As incurred | | | Funds Fee | submit to us that is returned for
Source: Item 6 — OTHER FEES (FDD pages 17–24)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, the insufficient funds fee is due as incurred. This means that the fee becomes payable immediately when Basecamp Fitness experiences a problem with a franchisee's payment, either through a returned check or a failed electronic funds transfer (EFT) due to insufficient funds.
The insufficient funds fee for Basecamp Fitness is $100 per check that is returned due to insufficient funds. The fee is also $100 each time Basecamp Fitness is unable to collect payment via EFT because of insufficient funds.
Franchisees should ensure they maintain sufficient funds in their accounts to avoid these charges. This is a fairly standard fee in franchising and business generally, as it covers the administrative costs the franchisor incurs when a payment fails. Franchisees should take note of this fee and ensure they have proper banking procedures in place to avoid incurring it.