How much is the insufficient funds processing fee for a Focalpoint Coaching franchisee, and when is it due?
Focalpoint_Coaching Franchise · 2025 FDDAnswer from 2025 FDD Document
pite the payment provisions above, we will defer your payment of initial fees owed by you to us under the Franchise Agreement until all of our pre-opening obligations have been satisfied and you commence doing business under the Franchise Agreement.
- The Item 6 chart row entitled "Insufficient Funds Processing Fee" is replaced with the following to meet the requirements of Minnesota Statute 604.113 regarding the maximum allowable amount of the fee chargeable for insufficient payments:
| Insufficient Funds Processing Fee | $30 | As incurred | Due if you have insufficient funds in your EDTA to cover a payment, or, if you pay by c
Source: Item 22 — Contracts (FDD pages 56–57)
What This Means (2025 FDD)
According to Focalpoint Coaching's 2025 Franchise Disclosure Document, if a franchisee's Electronic Depository Transfer Account (EDTA) has insufficient funds to cover a payment, or if a check is returned due to insufficient funds, Focalpoint Coaching will charge a processing fee of $30. This fee is intended to compensate Focalpoint Coaching for the additional administrative expenses incurred as a result of the insufficient funds.
The fee is due as incurred, meaning it becomes payable at the time the insufficient funds issue occurs. This policy applies whether the franchisee is using the EDTA system for automatic payments or paying by check.
It is important for prospective Focalpoint Coaching franchisees to maintain sufficient funds in their EDTA or ensure their checks are valid to avoid incurring this processing fee. Franchisees should also be aware that repeated issues with insufficient funds may lead Focalpoint Coaching to require all subsequent payments to be made via certified check, which could add further inconvenience and potential costs.