What is the insufficient funds fee charged by Brain Balance?
Brain_Balance Franchise · 2025 FDDAnswer from 2025 FDD Document
| Name of Fee (Note 1) | Amount | Due Date | Remarks |
|---|---|---|---|
| Insufficient funds | $75 charge per incident We have the right to increase this fee in the future, but will not increase it to greater than the fee charged by our bank, plus 15%. | As incurred | Payable to Franchisor if an ACH transaction cannot be completed for any reason. |
Source: Item 6 — OTHER FEES (FDD pages 13–19)
What This Means (2025 FDD)
According to Brain Balance's 2025 Franchise Disclosure Document, an insufficient funds fee of $75 is charged per incident. This fee is incurred if an Automated Clearing House (ACH) transaction cannot be completed for any reason. The franchisee is responsible for paying this fee to Brain Balance.
Brain Balance retains the right to increase this fee in the future. However, the FDD stipulates that any increase will not exceed the fee charged by Brain Balance's bank plus 15%. This provides some limitation on how much the fee can increase.
For a prospective Brain Balance franchisee, it's important to maintain sufficient funds in the account used for ACH transactions to avoid incurring this fee. Franchisees should also stay informed of any potential changes to the fee structure, as Brain Balance reserves the right to increase it within the specified limits.