Your ETF is probably $175 less $5 for each full month of service you have completed. If you bought a smartphone after a certain date, though, it would be $350. You can cell CS to confirm your ETF. The minimum ETF is $60 ($175-$5x23), so it may be better to just wait out your contract.
Thanks I'll probably wait out my contract then cancel in October. I have a non smartphone the LG EV2 btw.
If a customer cancels service early or if Verizon Wireless terminates their service for good cause, then the customer is charged an ETF (Early Termination Fee) per line of up to:
- $175, or
- $350 (if the customer's contract term results from the purchase of an advanced device after 11/14/2009).
The $175 ETF decreases by $5 a month and the $350 ETF decreases by $10 a month for each full month the customer completes.
So if your contract ends in October 2010, Your ETF would be $85.00 if you cancel now.