Three common fees often accompany a phone carrier switch: Often, you can get a credit for trading in a device if you aren’t required to surrender it when you cancel your current contract.
If you are purchasing a new phone, ask your new provider about the all-in cost of your device, including taxes. In order to participate, your phone must be unlocked and compatible with the new carrier’s network. Check with your provider to find out your remaining device balance.Īll major wireless carriers offer Bring Your Own Device (BYOD) programs. How much you owe depends on a number of factors.
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Any outstanding balance must be paid in full before switching carriers. Unless you purchased your phone outright or you’ve had it for a few years, you’ll likely have to pay it off. The only way to know for sure is to check with your current provider. Most major carriers have eliminated the 2-year contract for consumers, so early termination fees (ETF) are quickly becoming a thing of the past. Depending on when you got your last phone, however, you could still be subject to an ETF of up to a couple hundred dollars. Before you take the plunge, review what goes into any carrier switch and see if you’re ready to make the change. But a switch also has the potential to help you improve service and might even save money, making it the better choice in the long run. The cost of switching phone carriers can be affected by a number of factors, including device payoff and plan type.
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