What is the Bens Soft Pretzels franchisee responsible for regarding electronic fund transfers?
Bens_Soft_Pretzels Franchise · 2025 FDDAnswer from 2025 FDD Document
------|-------------------------|------------------------------------------------------------------| | indicated below on the 25th of each month for payment of my Walmart Sublease Rent. | | | | Billing Address | | Phone# | | City, State, Zip | | Email | | Account Type: Checking Name on Acct Bank Name Account Number Bank Routing # Bank City/State | Savings | |
I understand that this authorization will remain in effect until I cancel it in writing, and I agree to notify Ben's Soft Pretzels, LLC in writing of any changes in my account information or termination of this authorization at least 15 days prior to the next billing date. If the above noted periodic payment dates fall on a weekend or 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 I understand that because this is an electronic transaction, these funds may be withdrawn from my account as soon as the above noted periodic transaction dates.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 Ben's Soft Pretzels, LLC may at its discretion attempt to process the charge again within 30 days, and agree to an additional $25 charge for each attempt re
Source: Item 22 — CONTRACTS (FDD pages 46–47)
What This Means (2025 FDD)
According to the 2025 Bens Soft Pretzels Franchise Disclosure Document, a franchisee who opts for ACH recurring payments is responsible for several key actions. The franchisee must provide written notification to Ben's Soft Pretzels, LLC regarding cancellation of the authorization or any changes to their account information. This notification must be given at least 15 days before the next billing date to ensure timely processing. The franchisee acknowledges that payments falling on weekends or holidays may be processed on the subsequent business day.
Because the transactions are electronic, the franchisee understands that funds may be withdrawn from their account as soon as the periodic transaction dates occur. In the event of a Non-Sufficient Funds (NSF) rejection, Ben's Soft Pretzels, LLC has the discretion to reattempt the charge within 30 days. The franchisee is responsible for an additional $25 charge for each NSF attempt, which will be initiated as a separate transaction from the authorized recurring payment. The franchisee also acknowledges that the ACH transactions must comply with U.S. law.
Finally, the franchisee agrees not to dispute the recurring billing with their bank, provided that the transactions align with the terms specified in the authorization form. This agreement ensures a smooth and reliable payment process, benefiting both the franchisee and Bens Soft Pretzels by avoiding unnecessary disputes and maintaining consistent financial transactions. It is important for prospective franchisees to carefully review these terms and ensure they can meet these obligations to avoid potential fees and disruptions.