Sprint Adjusts Their Early Termination Fee
|Thursday, 30 October 2008|
Sprint has already announced that they will begin imposing overage charges for users that go over their 5GB/month EVDO limit on contracts beginning on or after November 2nd, and today another change came to light: As of 11/2, the $200 early termination fee will be reduced for customers four months or more into their 24-month contract.
Rather than the flat rate of $200, the ETF will now be calculated by multiplying the number of months remaining in contract by $10, after 4 months are completed. The maximum you can be charged will remain at $200 and will apply to cancellations occuring within the first 4 months, and the minimum fee will be $50. So, if you are halfway through your contract, your fee will be $120 (12 months x $10). Once you get down to the last 5 months of the contract, the fee will remain at $50 - it will not fall under that limit.
This new ETF calculation system brings Sprint's cancellation policy in line with Verizon's fee; Verizon charges $175 minus $5 for each month of the contract that's been completed.
Unfortunately, this new policy will ONLY apply to customers whose accounts begin on or after 11/2. Existing customers wanting to cancel their service will still have to pay $200, regardless of how far along into your contract you are.
|Last Updated ( Friday, 31 October 2008 )|
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