factual
When is the Insufficient Funds Fee due for a Cicis franchise?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee(1) | Amount | Due Date | Remarks |
|---|---|---|---|
| Insufficient Funds Fee | $100 per occurrence | On demand | If a payment does not clear your bank, we charge a service fee of $25, which includes the bank charge. We may draft your account for this fee. |
Source: Item 6 — OTHER FEES (FDD pages 14–21)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, the Insufficient Funds Fee is due 'On demand.' This fee, amounting to $100 per occurrence, is charged if a payment from the franchisee does not clear their bank.
In addition to the $100 Insufficient Funds Fee, Cicis also charges a service fee of $25, which includes the bank charge. Cicis retains the right to draft the franchisee's account to cover this fee.
This policy is fairly standard in franchising, as franchisors need to protect themselves from the costs associated with failed payments. Franchisees should ensure they maintain sufficient funds in their accounts to avoid incurring these fees, as multiple occurrences can add up quickly.
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.