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.