What banking information is Zoomin Groomin requesting in this form?
Zoomin_Groomin Franchise · 2025 FDDAnswer from 2025 FDD Document
rdcopy with traditional ink.
[Signature Page Follows]
Intending to be bound by all the provisions expressed in this Agreement, on party affix his or her signature below to signify acceptance. ("Effective Date") the authorized representatives of each Business Entity: Zoomin Groomin USA LLC Franchisee Business Entity Address Signator Signator Address#### Schedule 1-Territory
Your Territory will be defined here.
Schedule 2- Automatic Bank Draft Authorization
| Please complete the following with your banking information and attach a voided check: |
|---|
| Company Name: |
| Name of Financial Institution: |
| Address of Financial Institution: |
| Routing Number: |
| Account Number:_ |
| I hereby authorize Zoomin Groomin USA LLC and the financial institution named above |
| to initiate entries to my checking or savings accounts as identified above in accordance |
| with the terms of my Franchise Agreement and, if necessary, to initiate adjustments |
| for any |
| transactions credited in error. This authority will remain in effect until I notify Zoomin |
| Groomin USA LLC or the above-named financial institution in writing to cancel it in such |
| time as to afford a reasonable opportunity to act on such instructions. I can stop payment |
| of any entry by notifying the above-named financial institution at least three (3) days before |
| my account is scheduled to be charged. I can have the amount of an erroneous charge |
| immediately credited to my account for up to fifteen (15) days following issuance of my |
| statement by the above-referenced financial institution or up to sixty (60) days after |
| deposit, whichever occurs first. |
Source: Item 9 — 01. Financial Statements and Exhibits. (FDD pages 68–156)
What This Means (2025 FDD)
According to Zoomin Groomin's 2025 Franchise Disclosure Document, the company requires franchisees to provide banking information to facilitate electronic transactions related to the Franchise Agreement. The form requests the franchisee's company name, the name and address of their financial institution, the routing number, and the account number.
By completing this form, the franchisee authorizes Zoomin Groomin to initiate entries to their checking or savings account for payments and adjustments related to the Franchise Agreement. This authorization remains in effect until the franchisee provides written notice to cancel it, allowing Zoomin Groomin a reasonable opportunity to act on the instructions.
The franchisee retains certain rights, including the ability to stop payment of any entry by notifying the financial institution at least three days before the scheduled charge. Additionally, the franchisee can have the amount of an erroneous charge immediately credited to their account within specific timeframes: up to 15 days following the issuance of the statement by the financial institution or up to 60 days after the deposit, whichever occurs first. The form also requires the signature, printed name, title (if any), application date, and telephone number of the person signing the authorization.