Early Termination Fees Slashed at T-Mobile

Early this month when I called T-Mobile to complain the 15 cents they charged me for sending me a text reminder, I also asked their early termination policy and was told that if I want to get out my contract before it expires, I will have to pay a $200 early termination fee, regardless how many months remain on the contract. That’s ridiculously high because other nationwide carriers such as Verizon and AT&T have long ago announced plans to ease the pain on customers who want to get out early.

Well, that policy is about to change. According to numerous web sites, T-Mobile has finally decided to join the party and starts to prorate its early termination fees based on the remaining of the contract:

Beginning on June 28, 2008, the ETF for customers who choose a one-year or two-year service agreement with T-Mobile will decline during the course their contract. The ETF decreases from $200 to $100 if customers terminate service with 91 to 180 days remaining on their agreement; and decreases again to $50 with fewer than 91 days remaining. If customers terminate in the last 30 days of their term, the ETF is $50 or their standard monthly charge, whichever is less.

Have you ever oped out early from your contract? I have never. Not that my carriers, previous and current, are great, I just don’t want to pay for the early termination fee. Besides, there isn’t really anything that’s so attractive to me (not even the iPhone) that I have to have it right away

Related Articles You Don't Want To Miss

1. T-Mobile Insists on Charging me 15 Cents for Going Paperless
2. Get $10 for Paying Your Mobile Phone Bill with AMEX TrueEarnings Card
3. What You Need to Know about Early Withdrawal from Retirement Accounts
4. Switched to Vanguard E-Service to Eliminate Account Fees
5. Your Economic Stimulus Payment Check is Coming Early
6. Bank of America Raised ATM Fees for Non-Customers
7. Fees Charged for Using Credit Cards to Pay Taxes are Deductible
8. SmartyPig Reduces Fees to Try to Make the Service Attractive