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Calculating Early Termination Fee
consumer2
Newbie

My contract ends on December 9, 2019.  What would the early termination fee be if I switched providers now?

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Re: Calculating Early Termination Fee
mama23dogs

@consumer2 wrote:

My contract ends on December 9, 2019.  What would the early termination fee be if I switched providers now?


Assuming you even have one, since Verizon stopped using them 26 months ago, you can calculate the ETF here:   https://www.verizonwireless.com/legal/notices/customer-agreement/

If you purchased a device on a monthly installment agreement and cancel service, you should check that agreement to determine if you may have to immediately pay off the balance. If your line of service has a contract term and you cancel that line, or if we cancel it for good cause, during that contract term, you'll have to pay an early termination fee. If your contract term results from your purchase of an advanced device, your early termination fee will be $350, which will decline by $10 per month upon completion of months 7–17, $20 per month upon completion of months 18–22, $60 upon completion of month 23 and will be $0 upon completion of the contract term. For other contract terms, your early termination fee will be $175, which will decline by $5 per month upon completion of months 7–17, $10 per month upon completion of months 18–22, $30 upon completion of month 23 and will be $0 upon completion of your contract term. Cancellations will become effective on the last day of that month's billing cycle, and you are responsible for all charges incurred until then. Also, if you bought your wireless device from an authorized agent or third–party vendor, you should check whether it charges a separate termination fee.

 

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