Does Beverly Anns Cookie specify the exact electronic funds transfer method required?
Beverly_Anns_Cookie Franchise · 2025 FDDAnswer from 2025 FDD Document
We currently require you to pay fees and other amounts due to us and our affiliates via electronic funds transfer ("EFT") or other similar means. You are required to complete the EFT authorization (in the form attached to this Franchise Disclosure Document in Exhibit H. We can require an alternative payment method or payment frequency for any fees or amounts owed to us or our affiliates under the Franchise Agreement.
Source: Item 6 — OTHER FEES (FDD pages 15–24)
What This Means (2025 FDD)
According to Beverly Anns Cookie's 2025 Franchise Disclosure Document, franchisees are generally required to make payments via electronic funds transfer (EFT) or similar methods. The specific EFT method is not detailed in this section; however, franchisees must complete an EFT authorization form, which is included as Exhibit H to the Franchise Disclosure Document.
Beverly Anns Cookie retains the right to request alternative payment methods or frequencies for any fees owed under the Franchise Agreement. This provides Beverly Anns Cookie with flexibility in managing payment processes and addressing specific franchisee situations. Franchisees should carefully review Exhibit H to understand the specific requirements for EFT authorization and ensure compliance with the outlined procedures.
Additionally, if a franchisee's electronic funds transfer payment is unsuccessful due to insufficient funds or a similar event, Beverly Anns Cookie will charge a $100 returned check or insufficient funds fee. Franchisees should maintain sufficient funds in their accounts to avoid these additional charges. The ability to mandate a different payment method gives Beverly Anns Cookie options if issues arise with the standard EFT arrangement.