What is the Crave franchisee's responsibility regarding providing a voided check?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
ed by state law, and submit such reports to Franchisor. Franchisee shall pay all registration and inspections fees.
Except as specifically amended hereby, all provisions of the Franchise Agreement remain in full force and effect.
The parties hereto have duly signed and executed this Addendum to the Crave Franchising, LLC, Franchise Agreement as of the day and year first above written.
CRAVE FRANCHISING, LLC Name: Samantha Rincione Title: CEO and COO PRINCIPALS:
ADDENDUM TO CRAVE FRANCHISING, LLC FRANCHISE AGREEMENT
Exhibit A
Leased Premises Depiction
Exhibit B ACH Form
ELECTRONIC TRANSFER AUTHORIZATION
AUTHORIZATION TO HONOR CHARGES DRAWN BY AND PAYABLE TO CRAVE WM FRANCHISING, LLC ("COMPANY")
Depositor hereby authorizes and requests Crave WM Franchising LLC ("the "Depository") to initiate debit and credit entries to Depositor's _x_checking or __ savings account (select one) indicated below drawn by and payable to the or
Source: Item 23 — RECEIPTS (FDD pages 63–253)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, franchisees are required to authorize Crave to perform electronic fund transfers (EFT) for payments. As part of this authorization, the franchisee must provide banking information for either a checking or savings account, allowing Crave to debit or credit the account. This process ensures that Crave can collect fees and other payments owed by the franchisee.
The franchisee's bank is authorized to treat each electronic charge as if it were a check signed by the franchisee. This means the bank has the right to honor these charges as long as sufficient funds are available in the designated account. The franchisee bears the responsibility of ensuring that the account has enough funds to cover the payments.
However, the FDD does not specifically state that a franchisee must provide a voided check. Instead, the franchisee completes an Electronic Transfer Authorization form, which includes the necessary banking details. While a voided check is a common way to provide this information, the FDD does not explicitly require it. A prospective franchisee should confirm with Crave whether a voided check is mandatory or if other methods of providing banking information are acceptable.