What fee does Healthsource Chiropractic charge for a check that is not honored by the bank?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
ted on an invoice in accordance with the terms and conditions set forth in this Article. HealthCore shall electronically invoice Customer as set forth in this Article prior to making an electronic transfer of funds from Customer to pay said invoice, as authorized by Customer on Schedule "B", the Checking Account Authorization, attached hereto and made a part hereof. In the event such an electronic transfer of funds shall fail, for any reason, a $35 service fee will be assessed and the account re-drafted within 5 banking days from the first draft.
If the draft fails a second time, a second service fee, in the amount of $50, will be due and owing by the Customer in addition to the outstanding invoice amount and prior service fee. Customer's access to the HealthCore Business Services may be immediately suspended without notice and access shall not be restored until all outstanding amounts due are paid in full. If the current monthly amount due is not paid in full within 10 calend
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
The 2025 Healthsource Chiropractic Franchise Disclosure Document does not explicitly state the fee charged to the franchisee for a check returned by the bank. However, it does mention fees related to failed payments from customers to HealthCore Business Services, a service HealthSource Chiropractic franchisees may use.
Specifically, if a customer's payment draft to HealthCore fails, a second attempt is made. If that second attempt fails, the customer owes a $50 service fee in addition to the outstanding invoice amount and the initial service fee. The customer's access to HealthCore Business Services may be immediately suspended until all outstanding amounts are paid. Additionally, if the monthly amount due is not paid within 10 calendar days after the initial ACH draft, a late fee of $50 will be charged.
While this information pertains to customer payments to HealthCore, it does not directly address the fees Healthsource Chiropractic charges its franchisees for dishonored checks. A prospective franchisee should inquire with Healthsource Chiropractic about their specific policies and fees regarding returned checks to fully understand the potential costs.