When is the Boulder Designs Insufficient Funds Fee due?
Boulder_Designs Franchise · 2025 FDDAnswer from 2025 FDD Document
| Name of Fee | Amount1 | Due Date | Remarks |
|---|---|---|---|
| Insufficient Funds Fee | $100 per incident | Upon demand | Applies to all non-approved (ACH Debit) or returned payments made by you that do not fund or clear you bank for any reason whatsoever. |
Source: Item 6 — OTHER FEES (FDD pages 11–16)
What This Means (2025 FDD)
According to Boulder Designs' 2025 Franchise Disclosure Document, the Insufficient Funds Fee is due upon demand. This fee, amounting to $100 per incident, is charged when a franchisee's payments via ACH debit are not approved or are returned due to any reason that prevents the funds from clearing the bank.
For a prospective Boulder Designs franchisee, this means that if a payment is rejected due to insufficient funds, a $100 fee will be immediately due. This is a fairly standard practice in franchising and business generally, as it covers the administrative costs associated with handling failed payments. Franchisees should ensure they maintain sufficient funds in their accounts to avoid incurring this fee.
It is important for franchisees to note that the fee applies to any non-approved or returned payments, regardless of the reason for the failure. This could include issues such as incorrect account information, account closures, or holds placed on the account. Therefore, franchisees should proactively manage their banking relationships and payment arrangements to minimize the risk of incurring this fee.