Ok, so here's the deal. My son is leaving home and has gotten his own phone plane. Clearly I don't need an additional phone to pay for every month. The contract end date on his line isn't until next Sept. How do I terminate his line, leave mine and my wife's line, and what is it going to cost me to do this? I can't even find anywhere on My Verison that shows me what my contract is all about and what the ETF's might be...Any help would be very much appreciated.
If his contract was started with a smartphone then it will $350 minus $10 for every full month of service completed. Basic phones are $175 minus $5 for every full month of service completed. Hope that helps you calculate it.
When he got his own plan, did he keep his same number? Did he assume liability of his line with Veriozn? Or did he go with a totally different company? If he ported his number to another company/carrier, you will be getting the ETF charged to your account, and I would put that back to him - since he's the one that cancelled the line.
If he simply opened a new account with a new number on another carrier or even on Verizon, then you can put a basic phone on the line and reduce the charge to $10 and texes (if on a family share nationwide plan) - or perhaps find someone else to assume the line and make it their own.
He *should* have consulted you can could have done an AOL to take over the line, keeping his number, and avoiding cancelling the line altogether. I think it's too late for that, so your choices would be to reduce the cost of that line as much as possible, or find someone to take over. Unless, of course, he ported the number and then it should be up to him to cover the ETF. But that's between family members....
Thank you so much for the information. Another question. He has not actually gotten another phone/plan yet. How do i go about the AOL you spoke of, and will it cost him a deposit? I guess im not sure how that works. If its like starting a new plan, being a recent college grad he hasn't had any reason to have credit, we have always provided for him, so his credit history is limited to non-existent. Any idea how that will factor in? Thanks again..Mike
A corporate Verizon store can help you with the AOL - just tell them you want to split his line off to his own account. It's likely he will owe a deposit, which they will hold for a year. If he has 12 consecutive months of ON TIME payments, then the deposit is refunded. If he is late once, the 12 month clock restarts. He can keep his phone though, and his number, and there is no ETF involved.
Other options - since getting his own plan may be a bit pricey for a college kid, especially with the deposit -
Good luck to you!