You can cancel your Verizon account, but it will cost you a lot of money. Here’s a quick rundown of what canceling your Verizon phone plan entails.
- During business hours, 8 a.m. to 6 p.m. EST, you can cancel your Verizon phone plan by calling 1-844-837-2262.
- During the first six months of service, Verizon imposes a $350 Early Termination Fee (ETF). The termination price decreases over the life of the contract, with $10 per month for months 7 through 17, $20 per month for months 18 through 22, and $60 at the end of the 23rd month. Verizon will eliminate your early termination fee if you are moving out of the country due to military duty. They do not waive the cost if you are relocating out of the country for any other reason.
- There is no Early Termination Fee if you cancel your plan within 14 days of signing up and agreeing the Verizon agreement. That short period is effectively a “trial period.”
- If your Verizon plan offered device discounts or other incentives, you’ll likely have to pay back the value of those savings if you cancel your service early.
Is ETF paid by Verizon?
Do you require a huge display and a high-resolution camera? Do you require the most up-to-date operating system? Decide ahead of time what is most important. Then consult our list of the top smartphones to choose which phone and carrier is ideal for you. When you move networks, T-Mobile and Verizon are now willing to reimburse your early termination fee or a portion of your outstanding phone payment balance (see each provider’s website for details). It’s usually a good idea to reread your existing phone plan and compare it to your desired new plan before switching.
You’ll have to choose a monthly phone installment plan now that two-year contract agreements are no longer available. When you had a two-year contract, you used to pay a one-time subsidized cost and then the phone was yours to keep. Before contracts were phased out, the iPhone used to need a $200 down payment on two-year AT&T and Verizon agreements. That’s a savings of over $500 over the non-contract price. If you acquire a new plan, you won’t have that choice anymore.
- Monthly payments without a contract: All of the major carriers have programs that require little or no upfront money. Instead, you’ll pay for your phone in full over the course of 24 months.
- Pros: Near-zero upfront costs (you’ll still have to pay taxes when you sign), no two-year commitment, no upgrade fees, and a lower device charge.
Some carriers, such as T-Mobile, offer leasing plans in which you pay less than the full price of the phone you’re leasing over the course of a year and get an upgrade to a new phone as soon as it’s released. The leasing program is designed for iPhone fans who need the newest iPhone or Samsung every year. Follow the links to learn more about the various leasing options offered by T-Mobile, Verizon, and AT&T.
Get a quote from service provider
It only takes a few minutes to get a quote. Simply shopping for a phone will get you a quote from each carrier’s website. When you choose a phone, a menu will display with rates for various service options. They’ll give you a monthly estimate, but read the tiny print for information on overage charges and other hidden fees.
If you’re not sure which plan is ideal for you, check out our list of the top affordable cell phone plans.
On a Verizon bill, what does ETF stand for?
Early Termination Fees, or ETFs, are a type of mutual fund. When you break your service contract to migrate to another network, some cellphone providers charge ETFs.
What is the procedure for paying my Verizon early termination fee?
Customers who meet the criteria will receive a bill credit (up to $500) in the exact amount of their prior provider’s Early Termination Fee for terminating their connection. To receive bill credit, you must produce a copy of your previous provider statement that includes the Early Termination Fee amount.
How do I find out when my Verizon contract expires?
No, your entire contract isn’t saved on the internet. However, under My Verizon, you can see the contract expiration date for each device on your account.
- Next to the picture of your device, your contract end date and data contract end date (if you have one) will appear in the top left corner of the page.
Is Verizon willing to buy out your contract in 2021?
If you didn’t get the right network this year, you may switch to Verizon and get up to $650 to cancel your old contract starting today.
Did you know that “Network quality and performance” was the top one reason 87 percent of T-Mobile customers and 86 percent of Sprint customers moved back to Verizon within six months after leaving?
* In addition, in four straight National RootScore Reports conducted by RootMetrics, Verizon’s network ranked first in overall performance among national wireless service providers.
Switching to Verizon now is the best time to save up to $650 per line. Verizon will buy out your contract and cover your prior wireless provider’s early termination penalties as well as device or lease buyouts.
A family of four that has been waiting for the appropriate time to move to Verizon can receive up to $2,600 by using the incentive on each eligible line.
It’s easy to move to Verizon and save up to $650 per line by porting your number from another carrier, purchasing a 4G LTE smartphone with new device payment activation, and trading in your old device from your prior provider. For the installment plan balance less the device trade-in value, you can acquire a prepaid card worth up to $650 (or a $350 prepaid card for early termination costs less the device trade-in value). Your trade-in must be in good functioning order and worth more than $0, and the new line must be active for at least 6 months.
When switching, go to a Verizon store to have your trade-in appraised and the value applied in-store.
If you switch to Verizon and choose the XL or XXL Verizon plan, you’ll get 2 GB of additional data per month for the rest of your life, as long as your device is active on the plan. That’s enough data to last for 89 hours of web surfing, 512 hours of music streaming, or 34 hours of Google Maps navigation.
*According to a study of 2,000 respondents conducted by a renowned national market research agency in the third quarter of 2015.
Everyone has that one gift they’d like to exchange for something better: perhaps a less-than-stellar holiday sweater…or the wrong television channel. Verizon is providing wireless customers the opportunity to have no regrets this holiday season.
What does it cost to get out of a Verizon Fios contract?
The early termination price is prorated, which means you will pay less to discontinue the subscription as time goes on. Early termination fees can be as much as $350, with the cost decreasing by $15 every month.
What are my options for getting out of my Verizon contract without paying?
The penalties charged by cell phone carriers for early cancellation are exorbitant! Most companies charge between $150 and $200 to terminate a contract before it is completed. In the past, I was able to get out of a Verizon cell phone contract by moving my number and contract to a buddy. I was able to avoid paying the $175 Early Termination Fee because I was able to prevent it (ETF). There are various different ways to get out of a cell phone contract without paying anything, and given the present state of the market, some cell phone companies will even pay your termination cost if you sign up with them! (A few offers are shown here.)
Here are a few options for getting out of a cell phone contract without having to pay an Early Termination Fee.
What is the length of the Verizon Fios contract?
Customers who are ready to ditch their cable provider can now do so with greater confidence, convenience, and choice by switching to Verizon FiOS. All new Verizon FiOS customers can now choose to pay for a bundle on a month-to-month basis – at the same prices as customers who sign a term contract – and get one year of price protection with no early termination fee.
Verizon has extended its 30-day FiOS Worry-Free Guarantee to customers who desire two-year price protection.
Customers who acquire a Verizon bundle as part of a two-year contract can take advantage of Verizon’s Worry-Free Guarantee, which allows customers to terminate their service without penalty within 30 days after activation.
The month-to-month alternative and Worry-Free Guarantee build on earlier this year’s offerings in Florida and Pennsylvania, which were well-received by customers.
New bundled customers in California, Connecticut, Delaware, Florida, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Rhode Island, Texas, Virginia, and the District of Columbia are now covered by the Worry-Free Guarantee.
In addition to those states, the month-to-month option is offered in the FiOS markets of Indiana, Oregon, South Carolina, and Washington, which are being converted to Frontier Communications.
“We’ve paid close attention to the market and heard potential customers say that FiOS provides faster, more reliable broadband service and crystal-clear TV pictures in all conditions, but that they need more time to think about switching from cable,” said Mike Ritter, Verizon’s chief marketing officer for consumer wireline and business services. “We want customers to understand that switching to FiOS is the best decision they can make; that committing for two years gives them price protection for their home entertainment needs; and that our month-to-month pricing option and Worry-Free Guarantee help them feel more confident in their decision.”
EPIX or the FiOS TV Movie Package, which includes over 40 channels like SHOWTIME, STARZ, THE MOVIE CHANNEL, ENCORE, and FLIX, will be given to new subscribers for free for a year with a triple-play bundle and for three months with a double-play bundle.
This is in line with the current FiOS TV Movie Package for new term-contract customers.
The month-to-month option, which includes a one-year price guarantee, also applies to other bundles with faster broadband speeds and more HD TV.
In states where Frontier Communications is not being transferred, the Worry-Free Guarantee is also available in month-to-month and two-year terms.
- Verizon specialists do a premium installation that includes home network setup and an in-home demonstration.
Consumers will respond to this tactic, according to Matt Davis, head of Consumer and Small Business Telecom Research at IDC, a worldwide technology research firm.
“IDC believes that this new strategy of enhancing consumer options, combined with pricing certainty over many years, will serve as a catalyst to draw new customers to Verizon’s bundled service offerings,” Davis said. “At the same time, we believe that Verizon will retain many of the new customers it acquires, based on IDC’s primary consumer research on the major TV, Internet, and voice service providers, which indicates that existing Verizon bundle subscribers are highly likely to keep their Verizon bundle beyond their initial service agreement.”
Verizon’s Ritter added: “We have an unequaled 100 percent fiber-optic network that enables us to provide the most advanced TV and Internet technology, and we’re also committed to providing a substantially improved customer service experience.
Users have greater control now, and FiOS becomes an even safer option because customers have nothing to lose if Verizon and FiOS do not perform as promised.”
How long must you be a Verizon client before you are considered a new customer?
If you’re married, however, you can simply have your wife open the account in her own name. Or it could be a son or another family member.
Yes, it’s absurd that users have to haggle over price when if the speed levels were all priced the same, Verizon would retain rather than lose customers.
Verizon’s quarterly report revealed that the company is losing Fios and DSL users. Verizon fazed out my dsl service. Due to price plan changes, Fios broadband is unavailable (just exactly what you are going through now)
Is Verizon willing to pay for outdated phones?
Bring in your old gadget, such as a phone, wristwatch, or tablet, and Verizon will appraise its value and give you a credit on your account (or a virtual gift card) that you can use toward a new device or other Verizon products and services. The following are some of the most frequently asked questions about the device trade-in process.