Tmobile just announced that they will let early termination fees decline over the course of a contract. Previously, you had to pay the full monty whether canceled on the first day, or last day, of your contract. This chart shows you how the new fee breaks down over time:
Days left | fee
29-1: $50 or monthly rate, whichever is less.
Glad to see another carrier joining in with declining ETFs. It’s that much closer to doing away with them entirely. No word yet on whether this will only apply to new customers.
Here’s the text of Tmobile’s email announcement.
Beginning on June 28, 2008, the ETF for customers who choose a one-year or two-year service agreement with T-Mobile will decline during the course their contract. The ETF decreases from $200 to $100 if customers terminate service with 91 to 180 days remaining on their agreement; and decreases again to $50 with fewer than 91 days remaining. If customers terminate in the last 30 days of their term, the ETF is $50 or their standard monthly charge, whichever is less.
T-Mobile Eases Early Termination Fees [Washington Post]
(Thanks to Spencer!)