How Much Does It Cost to Break Contract with AT&T?
If you`re an AT&T customer who`s considering canceling your contract early, you may be wondering how much it’ll cost you. The answer is, unfortunately, not straightforward. The cost of breaking your AT&T contract will vary based on various factors, including the type of service, the type of contract, and how early you are terminating your contract.
Early Termination Fees
One of the most common charges associated with breaking an AT&T contract is the early termination fee (ETF). These fees are charged when you cancel your contract before the end of its term, and they can be quite substantial.
For example, if you have a two-year contract for a smartphone plan, your ETF could be as high as $350, depending on how much time is left on your contract. If you have a contract for a different type of service, such as home internet or TV, your ETF may be different, so it`s best to check with AT&T to determine what your exact fee will be.
Prorated Charges
In addition to early termination fees, AT&T may also charge you prorated fees for any services you used before canceling your contract. These fees are calculated based on the number of days you used the service, and they can add up quickly.
For example, if you canceled your contract on the 15th day of your billing cycle, you may be charged for 15 days of service, even if you aren`t using it anymore. This can be particularly costly for services with high monthly fees, such as cable or internet.
Service-Specific Fees
Finally, it`s worth noting that some AT&T services may have additional fees associated with canceling your contract. For example, if you cancel your home internet service, you may be charged a fee to return the modem or router.
Similarly, if you`re canceling a TV service, you may be charged a fee for any equipment you leased from AT&T, such as a DVR or set-top box. These fees can vary widely depending on the specific service and equipment involved, so it`s important to review your contract or speak with an AT&T representative to get an accurate estimate.
Bottom Line
Breaking your contract with AT&T can be expensive, and the cost can vary widely depending on the services and contract involved. If you`re considering canceling your AT&T service early, be sure to review your contract carefully and speak with an AT&T representative to determine the exact cost of termination.
It`s also worth considering alternative options, such as transferring your contract to someone else or negotiating with AT&T to reduce your fees. By doing your research and exploring your options, you can make an informed decision about whether canceling your AT&T contract is the right choice for you.