3.5k
Daycare and childcare providers in Winnipeg, Toronto, Vancouver, Ontario etc. in CanadaGarderies à Montréal ou au QuébecFind daycare or childcare providers in the USA
Forum control
+ Reply to Thread
Page 2 of 2 FirstFirst 1 2
Results 11 to 14 of 14
  1. #11
    Expansive... babydom's Avatar
    Join Date
    Jul 2014
    Posts
    770
    Thanked
    283 Times in 223 Posts
    Quote Originally Posted by torontokids View Post
    I'm confused as to why its even a question. You require a 2 week deposit to cover your butt. Why are you considering waiving it?
    I don't charge a deposit just a holding fee. So I ask for two wks pay to hold their spot till they start. But if their start date is two wks or under from signing of contract I don't take the fee. I never understood the difference between a holding fee and deposit. In my contact it says deposit but I guess it's more of a holding fee. Lol. Maybe I'll switch to doing both. But I just don't see a parent being ok with paying a holding fee for mths. So they give me money that's not used towards any of their care or isn't refundable and aren't using my services? It seems weird. But I guess if they really wanted me theyd pay.

  2. #12
    Euphoric !
    Join Date
    Oct 2012
    Posts
    1,505
    Thanked
    479 Times in 345 Posts
    I don't charge a holding fee but I see the difference as this:

    holding fee- a fee kept by the provider to hold the spot. This is a payment and does not go towards care.
    deposit- held in trust by the provider and is applied to the last 2 weeks of care if proper notice is given.

    I think you have them mixed up

  3. #13
    Euphoric !
    Join Date
    Sep 2013
    Posts
    1,670
    Thanked
    629 Times in 475 Posts
    I don't hold my deposit to the last 2 weeks of care, I use it towards their first 2 weeks of care. I know I am the odd one out on that. I require 4 weeks notice when they leave. I have only had 1 family try and leave without paying in the 5 years I have ran my daycare. They did end up making payments and I got my full amount.

  4. #14
    Euphoric !
    Join Date
    Sep 2013
    Posts
    3,161
    Thanked
    1,085 Times in 810 Posts
    Quote Originally Posted by mickyc View Post
    I don't hold my deposit to the last 2 weeks of care, I use it towards their first 2 weeks of care. I know I am the odd one out on that. I require 4 weeks notice when they leave. I have only had 1 family try and leave without paying in the 5 years I have ran my daycare. They did end up making payments and I got my full amount.
    While it can happen multiple ways, I always try to set myself up for the least possible ways to get screwed over....this is why I apply it to the last payment.

Similar Threads

  1. New member wanted to start a dayhome but I don't know where to start
    By Lyntig in forum New members introductions
    Replies: 1
    Last Post: 11-17-2018, 02:14 PM
  2. Do you require up-to-date immunization, and disclosure?
    By betsy in forum Opening a daycare
    Replies: 3
    Last Post: 08-04-2015, 09:16 AM
  3. How much notice do you require
    By mickyc in forum Daycare documents
    Replies: 11
    Last Post: 02-24-2014, 08:36 AM
  4. Sigh....it was such a nice quiet week last week!
    By eoinsmom in forum The day-to-day as a daycare provider
    Replies: 11
    Last Post: 02-27-2013, 08:10 PM
  5. Two week deposit..
    By skyee in forum Managing a daycare
    Replies: 5
    Last Post: 01-12-2013, 01:50 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

A few tips...

If you encounter a daycare provider with out-of-date openings / spaces, click on the button right above the currently listed openings to report it!
Did you know?
On average, a listing is viewed each month by more than 210 parents looking for an available opening for their child!
Partner in your
search for a daycare provider