What must the Southern Steer franchisee attach to the authorization form?
Southern_Steer Franchise · 2025 FDDAnswer from 2025 FDD Document
ATTACHMENT D AUTHORIZATION TO HONOR ELECTRONIC FUNDS TRANSFER
Source: Item 22 — ITEM. 22 CONTRACTS (FDD pages 61–168)
What This Means (2025 FDD)
According to the 2025 Southern Steer Franchise Disclosure Document, Attachment D is the Authorization to Honor Electronic Funds Transfer. The FDD does not explicitly state what the franchisee must attach to this authorization form.
Typically, an authorization form for electronic funds transfer (EFT) requires the franchisee to provide banking information. This usually includes the bank name, account number, and routing number. This information allows Southern Steer to debit or credit the franchisee's account for various fees, royalties, or purchases as outlined in the franchise agreement.
Prospective Southern Steer franchisees should confirm with the franchisor exactly what documentation or information is required to be submitted along with Attachment D to ensure proper setup of electronic funds transfers. This will help avoid any delays or issues with payments during the franchise term.