I was intrigued. Are there any ETF fees left? When I phoned our local Verizon store, they informed me that there was none. They told me that all I had to do was pay off the balance on my smartphones.
What is the Verizon ETF fee?
Will I have to pay a penalty if I cancel my contract early? You may be charged an early termination fee if you cancel while under contract. Early termination fees can be as much as $350, with the cost decreasing by $15 every month.
Compare wireless providers
Before making any major selections, compare the plans offered by all of the main carriers. Here are some things to think about:
- Cost: How much will your monthly service package cost? This comprises all forms of communication, such as speech, text, and data. Most major carriers now offer unlimited data plans that get cheaper as you add additional lines to your account. Verizon provides unlimited plans that start at $70 for a single line and drop to $30 per line if you have five or more lines. AT&T follows a similar pattern. Our top picks can be found in our best cell phone plan guide.
- Network: You should also think about what kind of coverage you may expect from each carrier. T-Mobile (which bought and absorbed Sprint in April 2020) isn’t far behind Verizon and AT&T in terms of coverage. T-Mobile is recognized for having issues in rural areas, although it excels in urban ones.
- Phone selection: Unless it’s an iPhone, it can be tough to buy a phone from one carrier and transfer it to another. Although AT&T often provides the widest assortment of phones, all four carriers carry the major brands such as Samsung, Apple, LG, HTC, and others.
Research phones and plans
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.
Do Verizon’s hidden costs still exist?
This is a program that helps subsidize phone and internet coverage for rural and low-income communities, and it requires telecom providers to pay for it before being able to recuperate the cost from their customers, which Verizon does.
Regulatory Charge
The Federal Communications Commission (FCC) levies telephone companies an annual fee, which they can recoup from their customers by adding it to their monthly bill. Verizon Wireless isn’t required to do so, but they do, thus there is yet another hidden charge on your Verizon Wireless statement.
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.
How can you get out of a Verizon contract?
Verizon, like most other carriers, no longer promotes its two-year contract, but if you’re in one, here’s what you need to know.
Can I cancel my contract online?
There’s no way. The only option to cancel is to visit a Verizon store or phone the company’s customer support line. Before they lose any money ahem, canceling someone’s account they need to be able to authenticate who you are. If you want to cancel, dial 1-844-837-2262 to reach Verizon’s cancellation line.
What kind of fees will I have to pay when I cancel my two-year contract?
There are a few elements that influence the amount of penalties you’ll have to pay if you terminate your Verizon account. How far along are you with your agreement? Was your phone purchased from Verizon? We’ll take you step by step through the process.
You may be required to pay for the remainder of the month, even though it is the first day of the new cycle, depending on where you are in your billing period.
The amount of your early termination costs will be determined by how far you are into your Verizon contract. You’ll be charged $350 at the start of your contract, though that ETF drops by $15 with each month finished.
If you cancel within 14 days after signing, you’ll be allowed to do so without penalty, as long as you return your phone in good working order. In most circumstances, you’ll be charged a $50 restocking fee, though if your customer service representative is feeling nice, you might be able to get the amount cancelled.
You’ll also be responsible for the activation charge if you don’t cancel within three days of signing.
Verizon says they have the right to refuse your device return at any moment. If you don’t return the phone and everything that came with it in the original box, they may charge you for missing components, so retain everything until you’ve at least cleared the two-week return window.
How to separate lines from a shared plan
Early termination costs apply to each line of service, so don’t cancel their lines completely if you have a few of birds departing the nest to start their own accounts. An Assumption of Liability might be requested. Instead of terminating the lines, the Assumption of Liability allows you to simply transfer their service to a new account with a different name. In the long term, this might save you a lot of money. Visit a Verizon shop or call their customer service line at 1-800-922-0204 for further information.
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.
Are there any early termination fees with FIOS?
Customers who move outside of Verizon’s Fios service zones will lose their Fios service. How is the amount of my early termination fee calculated? After your first 30-day risk-free guarantee, your early termination cost begins at $350 and decreases with each month you keep your services.
What happens when your Verizon phone is paid off?
When you pay off your device, you keep paying your monthly fees for your speak, text, and data plan, but your monthly bill no longer includes a device payment charge. Any monthly promotional credits you’ve been receiving will be terminated. The device that has been paid off is eligible for an upgrade to a new device.
Why does Verizon incur monthly surcharges?
If Verizon does not receive your payment by the due date on your statement, you may be charged a late payment fee in some areas.
In some states, late payment fees may apply. It only applies to past-due amounts when it is invoked. If you have an unpaid balance on your account, you may receive a note on your bill detailing the exact late payment charge, which may be a fixed sum or a percentage applied to your account.
Local phone service is made available to persons who otherwise would not be able to afford it through the Lifeline program. If you are eligible for Lifeline assistance, your Verizon monthly cost will be decreased.
Customers who qualify for financial help may be eligible for Link-Up America, a program that promotes universal access by offering a discount on new phone service installation/connection fees.
Names, phone numbers, and addresses that appear in the Verizon phone directory and in Verizon directory help.
You can call this geographic location within your LATA (Local Access Transport Area) without paying a toll.
Check the Consumer Guide section of your white pages for a detailed guide to your local calling region.
Local calls are calls made within your local calling region that do not incur a toll charge. Your local calling service plan determines your calling area.
Check the consumer guide in your white pages for information on your local calling area.
Regional toll calls (also known as IntraLATA) calls may be included in the Local Call Summary on your Verizon bill. These calls are made within your LATA, not your local calling area (Local Access Transport Area). LATAs are federally defined geographic borders that dictate local calling areas and extended calling service.
InterLATA calls, on the other hand, are made outside of your LATA and are considered long distance calls.
A provider of your choice may handle any call that generates a toll, whether it’s a local toll call or a long distance call. IntraLATA (local and local toll service) and InterLATA (long distance service) plans are currently available from several firms.
This fee helps to pay for the equipment that allows consumers to keep their phone numbers when they switch local phone companies within the same calling region. This fee is approved by the Federal Communications Commission (FCC).
Regional toll calls, also known as local toll calls, are calls made outside of your local calling area. Local toll calls, also known as IntraLATA calls, are calls made within your LATA but not within your local calling region (Local Access Toll Area).
Long distance calls, also known as InterLATA calls, are made outside of your LATA.
Calls made outside of your local calling region that are not deemed long distance are charged at this rate.
All calls that are made during discount periods are eligible for time and day of week discounts. The following are the rate periods for weekdays and weekends:
Monday through Friday, 8:00 a.m. to 10:00 p.m., the Weekday Rate applies to directly phoned local messages.
The Night and Weekend Rate applies to direct dialed local messages received Monday through Friday from 10:00 p.m. to 8:00 a.m., as well as all day Saturday and Sunday.
Long-distance calls are those made outside of your LATA (Local Access Transport Area) regional boundaries. Long-distance calls, also known as InterLATA calls, are made from one LATA to another. Long-distance calls include both out-of-state and in-state calls, depending on how the LATAs in your area are drawn.
IntraLATA (local and local toll service) and InterLATA (long distance service) plans are currently available from several firms.
Long-distance calls require a 1+ area code plus a phone number. 011 + country and city code + number is required for international long distance calls.
This monthly surcharge, formerly known as the Federal Access Charge, is assessed to long distance customers to assist pay the access charges charged by local telephone companies to Verizon Enterprise Solutions and Verizon Long Distance (or its agents).
This monthly line charge helps cover account servicing costs for state-to-state and international services. This is not a tax or fee imposed by the government; it is imposed by Verizon Enterprise Solutions and Verizon Long Distance.
Dial (700) 555-4141 from any Verizon-serviced phone in your home to find out who your long-distance provider is.