How Much Does It Cost to Cancel a Verizon Contract Early?

Name: How Much Does It Cost to Cancel a Verizon Contract Early?
Uploaded: 2026-07-13T00:00:00Z
Duration: 30 s
Description: Learn about Verizon's Early Termination Fees and how to minimize costs when canceling your contract early.

Learn about Verizon's Early Termination Fees and how to minimize costs when canceling your contract early.

Published Jul 13, 2026

Video transcript

Canceling a Verizon contract can incur an Early Termination Fee (ETF). The cost usually starts at $350 and decreases by $15 for each month of your contract fulfilled. To avoid fees, consider Verizon’s Device Payment Plan where you only pay off the remaining balance of your device.

Questions and answers

What is the Early Termination Fee for canceling a Verizon contract?
The Early Termination Fee for canceling a Verizon contract starts at $350 and decreases by $15 for each month you have fulfilled in your contract.
How can I avoid paying cancellation fees on my Verizon contract?
You can avoid cancellation fees by enrolling in Verizon’s Device Payment Plan, where you only pay off the remaining balance of your device instead of the full Early Termination Fee.
Does the Early Termination Fee decrease over time with Verizon?
Yes, the Early Termination Fee decreases by $15 for each month you fulfill in your Verizon contract, starting from $350.