Does Verizon Prorate Final Bill? Termination Fee, Advances, etc.

Do you want to terminate your Verizon service? Maybe you want to move to a different provider but are unsure if Verizon would prorate the final bill? If yes, keep reading to learn more about this topic from our briefing!

Does Verizon Prorate Final Bill According to Recent Agreement?

According to section 10 of the Terms and Conditions on your Verizon agreement, Verizon does not really prorate your final amount.

Even if you or Verizon decide to end the contract, the fee is not prorated. If you were invoiced for advance after the day you disconnected, Verizon FIOS might prorate your account as of 2022.

Verizon will stop billing you for service after you are unplugged. For non-residential services like TV, internet, and phone, the monthly charge will be prorated according to the number of days you were not invoiced during the billing period.

Since many businesses do not bill in advance, Verizon may alter the date when your outstanding monthly service terminates.

1. Final Bill 

Only charges that were invoiced beforehand after the day you disconnected the service will result in Verizon prorating your final bill.

In addition, any costs incurred following your service withdrawal will be converted into prorated rebates, which you will get on either a credit or debit card, according to how you paid the bill.

If you were charged in advance, it can take approximately 60 days to receive credits returned to you. You would not be eligible for a discount on your payment if you have been charged for Verizon services and need to cancel them.

If Verizon ends its association with you due to any reason, the business will not bill you for its services. This is true even if you regularly phone the customer support number or file multiple complaints. However, Verizon is not required to issue you a refund.

2. Bill Upon Cancellation 

Unfortunately, Verizon would not prorate your bill even if you are the one who terminates the agreement.

Moreover, Verizon will not also prorate your charge in the event that the business ends its engagement with you due to any reason.

  • Fortunately, there is no early termination fee if you quit your Verizon account within 14 days of signing up.

If the customer cancels the arrangement himself or is the one who requested the cancellation, Verizon does not prorate the customer’s bill.

It does not work depending on how long you have been in it or anything. It goes by the date that you cancelled it. Just when you decide to cancel it.

3. Verizon FIOS Bill 

Only charges that were charged after the day you disconnected the service will result in Verizon prorating your bill.

The remaining time on your account will be changed to full credits. Any unpaid charges will be switched to a prorated amount. You might anticipate having to wait 60 days to receive your money refunded if you were billed in advance.

Can You Cancel Verizon Service?

You can terminate your Verizon service whenever you’d want, but because of the terms of your contract, you will be charged a hefty early termination fee. But you might want to change your mind at any time.

Calls are free for the first 30 days; thereafter, they are $1 per minute Almost all mobile providers use this as well.

This is so because it is significantly less expensive to retain a call for usage for a set number of minutes than it is to purchase those minutes.

Is There an Early Termination Fee with Verizon?

If you have a Verizon contract and decide to break it, you’ll probably have to pay an early termination charge.

The charge is prorated, so the longer you use the service and remain under contract, the lower the termination fee will be. The fee starts at $350.

  • You will probably be charged an early termination fee if you decide to break your contract with Verizon. Y
  • ou will only be liable for about $70/month if you break your contract before the conclusion of your contract because you’re paying $350 over twenty-four months with the initial year discounted.

There are few exceptions, such as the one where the services are still free if you phone and cancel your subscription within 14 days. For any services which are reactivated, irrespective of whether you contacted to cancel, there is a cost.

Is There an Advance Bill with Verizon?

Verizon bills one month ahead, which is one of the reasons why it does not prorate the final amount because you have already used the subscription by then.

The final monthly bill is not prorated by Verizon. You cannot be charged for phone service that you have already utilised, according to your Verizon service agreement. We are sorry for the trouble.

When Should You Cancel Verizon Service in Advance?

In order to avoid being charged for the coming month, which you are still liable for, you must cancel Verizon before the start of your next monthly cycle.

However, the cancellation is not made when you phone Verizon to cancel. It is made apparently on the subsequent bill. To prevent additional fees, call at least one week prior your billing cycle expires.

Even though the charges were not cancelled if you use automatic bill pay, it will still be debited through your credit card. Therefore, you must contact your credit card provider to confirm that your payments were cancelled.

What Is The Length of Verizon Billing Cycle?

The length of your billing cycle will be specified on your Verizon bill; however the business normally uses a 30-day payment schedule.

The billing cycle will also begin the day your phone is activated, and the proposed bill will be due on the same day the following month.

For instance, if you signed up for Verizon on April 5, the new payment cycle would begin on May 5, and the third billing period would begin on June 5. However, your fourth subscription will begin on June 5. 

  • Download your My Verizon application from Google Play if you have an Android phone.
  • You can find out more information about your billing period on My Verizon app or website. It also gives information about when it will reset.
  • Simply be cautious when adding numbers.
  • You are fine if you add before the beginning of the billing period.

Where Is Verizon Contract End Date Given?

You may find the date your contract expires when you log into My Verizon and choose My Devices. If you want to cancel Verizon but wish to wait until it does, here’s the protocol to follow.

  • Choose the device you want to see.
  • It will appear in the upper left corner of the screen.
  • You will see the contract expiry date for each of the devices connected to your account.

You will only be able to view the contract expiration date online; the entire contract won’t be accessible. You will need to get in touch with Verizon customer support. Or the shop where you bought the devices if you want to see your entire contract.

In A Nutshell

Verizon does not always prorate the final payment and usually would not do so if you request them to. Specifically, if you were currently on contract with Verizon, you’ll probably be hit with an early termination fee. However, if you were billed for expenses in advance after the day you decided to disconnect services, Verizon FIOS might prorate your payment.