early termination fee

Two 'early termination fee' stories August 2011 - November 2014

Verizon’s early termination fee is now up to $70 more expensive for new customers

9to5 Staff Nov 14 2014 - 1:47 pm PT

Verizon Wireless has updated its customer agreement with new conditions related to early termination fees. Effective today, new customers that purchase a device on contract will be required to pay a full $350 early termination fee during the first seven months of the contract if it is broken. The fee is reduced by $10 per month between months 8-18, $20 per month between months 19-23 and $60 in the final month of the contract term…
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Sprint to up early termination fee to $350 on September 9th?

Jordan Kahn Aug 31 2011 - 10:32 am PT

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Sprintfeed is reporting sources have confirmed Sprint intends on increasing the early termination fee for smartphone, tablet, and notebook users to $350, up from the current $200. The proof comes from the leaked internal document above. This follows evidence the carrier will get Apple’s next iPhone at launch and a story claiming Sprint employees have been told not to discuss the upcoming device.

The change probably wont affect current Sprint users hoping to upgrade to a possible new iPhone, as the new fee will only take effect for contracts signed after September 9th. We’ll keep you updated as we learn more.

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