What is the current Service Charges and Non-Sufficient Funds Fee for a Buona franchise?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Interest on Late Payments | Highest rate of interest permitted by law not to exceed 1.5% per month | As incurred | This interest rate applies to any money you owe us or our affiliate that is more than 7 days overdue and will accrue until the amounts are paid in full. Interest is in addition to service and NSF charges. |
| Service Charges and Non-Sufficient Funds Fee | Currently $250 | Upon demand | Payable if an ACH transaction is not honored. |
Source: Item 6 — OTHER FEES (FDD pages 16–23)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, the current service charges and non-sufficient funds (NSF) fee is $250. This fee is payable upon demand if an Automated Clearing House (ACH) transaction is not honored.
In practical terms, this means that if a franchisee attempts to make a payment to Buona via ACH, and the transaction fails due to insufficient funds or any other reason, the franchisee will be assessed a $250 fee. This fee is in addition to any interest charged on late payments.
It is important for prospective Buona franchisees to maintain sufficient funds in their accounts to cover all payments to avoid incurring this fee. Franchisees should also be aware that Buona requires fees to be paid through electronic funds transfer via ACH, and they must complete the ACH authorization form attached to the Franchise Agreement. While ACH is the standard method, Buona retains the right to require alternative payment methods or frequencies for any fees owed under the Franchise Agreement.