What is the EFT Authorization for Craters & Freighters, and where can I find it?
Craters_Freighters Franchise · 2025 FDDAnswer from 2025 FDD Document
ATTACHMENT C TO FRANCHISE AGREEMENT
ATTACHMENT C EFT AUTHORIZATION FORM
The undersigned depositor ("Depositor") hereby authorizes Craters & Freighters Franchise Company ("Company") to initiate credit and debit entries and / or credit and debit correction entries to the undersigned's checking and / or savings account(s) indicated below and the depository designated below ("Depository") to debit such account pursuant to Company's instructions and in accordance with Section 3.2 of the Franchise Agreement by and between Depositor and Company.
Source: Item 22 — CONTRACTS (FDD pages 49–50)
What This Means (2025 FDD)
According to the 2025 Craters & Freighters Franchise Disclosure Document, the EFT (Electronic Funds Transfer) Authorization Form is an agreement that allows Craters & Freighters Franchise Company to initiate credit and debit entries to the franchisee's checking or savings account. This authorization is in accordance with Section 3.2 of the Franchise Agreement.
The EFT Authorization Form is included as Attachment C to the Franchise Agreement. This form enables Craters & Freighters to debit the franchisee's account for payments due under the franchise agreement, such as royalty fees or other charges.
As a prospective franchisee, it's crucial to carefully review the terms of the EFT Authorization Form and understand how Craters & Freighters will be debiting your account. Ensure that you are comfortable with the frequency and amounts of these debits, as outlined in Section 3.2 of the Franchise Agreement. It is also important to maintain sufficient funds in the designated account to avoid any penalties or disruptions in your franchise operations.