ACH Fee for Reconciliation

For franchise businesses that use the reconciliation feature, one reconciliation is completed per period. During that period, a franchisee will receive either a single withdrawal or a single deposit, depending on whether they owe or are owed a net amount.

For that single ACH transaction, the franchisee is charged a fee—typically once per month. In essence, these transactions are batched to minimize the number of ACH transactions and fees.

Things to know:

• The ACH fee is $5 per transaction
• If a franchisee does not have a reconciliation fee configured, the system will defer to the franchise (parent) company's reconciliation fee if one is set.
• If no reconciliation fee is set at either the parent or child level, no reconciliation fee will be charged.
• The franchise company will not incur the ACH fee if no ACH transactions occur during the reconciliation period.

Scenario 1: Single Bank Account Across All Locations

• A franchisee owns four locations
• All locations share the same bank account (ACH account)
• In January, each location received a deposit (e.g., Location A - $100, Location B - $300, etc.).
• Because there is only one bank account, the franchisee is charged a single $5 ACH fee for the month.
• Total ACH Fee: $5 per month

Scenario 2: Multiple Bank Accounts Across Locations

• A franchisee owns four locations but uses three different bank accounts.
• Example:
  • Locations A and B share the same bank account
  • Locations C and D each have separate bank accounts
  • Total: Three bank accounts in use
• The franchisee will be charged $5 per bank account
• Total ACH Fee: 3 x $5 = $15 per month

Related Articles:

• Reconciliation Setup  
• Configuring Bank Account for Reconciliation
• Reconciliation for Packages  
• Reconciliation for Gift Cards  
• Reconciliation for Memberships  
• Reconciliation Detail Report