table_specific

What is the deadline for paying the Best Western ACH processing charge?

Best_Western Franchise · 2025 FDD

Answer from 2025 FDD Document

Member agrees to timely pay all fees, dues, charges, and assessments imposed generally on the Membership by the Best Western Board of Directors ("Board") or the Membership, and the cost of all goods or services provided by or ordered through Best Western. Member agrees to allow Best Western to automatically debit Member's bank account each month in the amount owing Best Western. Member agrees to electronic monthly statements. Past due amounts shall bear interest at the rate of one and one half percent (1.5%) per month from the due date until paid, provided that such interest charge shall in no way authorize or excuse late payments or limit Best Western's rights and remedies against Member.

Source: Item 23 — Receipts (FDD pages 108–413)

What This Means (2025 FDD)

The 2025 Best Western Franchise Disclosure Document states that as a Best Western member, you agree to let Best Western automatically debit your bank account each month for the amount you owe. This implies that the ACH processing charge, which is part of the overall fees, dues, and charges, will be included in this automatic monthly debit.

The agreement stipulates that you will receive electronic monthly statements, providing a record of the charges. If any amounts are not paid on time, they will accrue interest at a rate of 1.5% per month from the due date until they are paid. However, this interest charge does not excuse late payments or limit Best Western's ability to pursue other remedies against you for non-payment.

In practical terms, a prospective Best Western franchisee should ensure they have sufficient funds in their account to cover the monthly debits to avoid late fees and potential penalties. It's also important to carefully review the monthly statements to understand all the charges and address any discrepancies promptly. Franchisees should clarify with Best Western the exact date of the monthly debit to align their banking and payment schedules accordingly.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.