Hi everyone. I'm thinking of signing up for a new account in order to save some $$, but have a few questions.

Naturally, signing up for the account will allow me to get a $199 iPhone 5s. But what happens if I cancel my service once I get the device? I don't plan on returning the equipment and I am aware of the $350 ETF, but will I still be billed for a month of service? I ask because many websites suggest that signing up for an account and then paying ETF is cheaper, but may have unintended consequences.

My goal is to get the 5s, and pay $199 + ETF, rather than the $649 outright cost.