For Bens Soft Pretzels franchisees, how will recurring payments appear on the bank statement?
Bens_Soft_Pretzels Franchise · 2025 FDDAnswer from 2025 FDD Document
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 22 — CONTRACTS (FDD pages 46–47)
What This Means (2025 FDD)
According to the 2025 Bens Soft Pretzels Franchise Disclosure Document, recurring payments from franchisees will be listed as "ACH Debit" on their bank statements. This applies when franchisees authorize regularly scheduled charges to their checking or savings accounts for various fees. Franchisees will be charged the amount indicated for each billing period, and will also receive a receipt for each payment via email.
This payment method is designed for convenience, saving franchisees time and postage, and ensuring payments are always on time, even when they are out of town, which helps to avoid late charges. Franchisees are assured that no prior notification will be provided unless the date or amount of the payment changes, in which case they will receive notice from Bens Soft Pretzels at least 10 days before the payment is collected.
It is important for prospective Bens Soft Pretzels franchisees to understand how these recurring payments will appear on their bank statements for easy reconciliation. Additionally, franchisees should keep in mind that they need to notify Bens Soft Pretzels in writing of any changes to their account information or termination of the authorization at least 15 days prior to the next billing date.