Posts Tagged ‘fitness managment software’

How to set up your gym, fitness center, or health club account to do your own EFT (electronic funds transfer) account or hire a company to do it for you?

Sunday, October 12th, 2008

How to set up your gym, fitness center, or health club account to do your own EFT (electronic funds transfer) account or hire a company to do it for you?

 To learn every deatil of “how to open a 24 hour gym from scratch”, click here www.how2ownagym.com

If you have a small gym with under 500 members you can handle the eft drafting yourself, all you need to do is go to the bank and tell them you want to set up a EFT account to do gym membership drafts.

Be sure to ask about ease of use and security of the online banking system, and fees they charge for ech batch and non-sufficient funds returns.

The bank will require several things however. You have to have good credit and most of the time you will have to have a relationship with the bank, that way they know you won’t draft people’s accounts and leave town with them holding the bag, it happens.

They will have a lot of paper work for you to fill out, and then you will have to wait a few weeks to a month for them to set it all up, but for the control you have over the account is worth it.

The other option if you have more than 500 members is using a professional company to do the drafts for you. They take a percentage of each draft and they take care of sending out all the notices and phone calls to members that had non-sufficient funds or closed their accounts down to cancel their memberships.

Be sure if you use a gym account management company that you have an attorney read all the paper work to insure that you know exactly what your doing and what they are doing.

Also ask for references of gyms that you can call and ask what they think about the company and what problems they have with them.

To learn every deatil of “how to open a 24 hour gym from scratch”, click here www.how2ownagym.com

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