What is the range of the Insufficient Funds Fee charged by Circle K?
Circle_K Franchise · 2025 FDDAnswer from 2025 FDD Document
very Fee, currently $50 per load.
3 If insufficient funds are available in your account at the time payment is due we may charge you an insufficient funds fee ranging from $50 to $250, or the maximum legal rate allowed by law, fo
Source: Item 6 — OTHER FEES (FDD pages 22–35)
What This Means (2025 FDD)
According to Circle K's 2025 Franchise Disclosure Document, an insufficient funds fee may be charged to franchisees. This fee applies if there are insufficient funds available in the franchisee's account when a payment is due to Circle K. The insufficient funds fee ranges from $50 to $250 per payment. However, the fee could be the maximum legal rate allowed by law if that amount is greater than $250.
This fee is charged each time a payment is rejected due to insufficient funds. This means a franchisee could incur this fee multiple times if they repeatedly fail to have sufficient funds available when payments are due. The fee is in addition to any other penalties or interest that Circle K may charge for late payments.
Prospective Circle K franchisees should ensure they understand the payment terms and maintain sufficient funds in their accounts to avoid these fees. It is also important to be aware of the maximum legal rate allowed by law in their specific jurisdiction, as this could potentially exceed the stated range. Careful financial planning and management are essential to avoid these charges and maintain a positive relationship with Circle K.