Does Verizon Pay You To Switch In 2024? A Detailed Guide
As a telecommunications industry analyst with over 10 years of experience, I am often asked if Verizon offers financial incentives for new customers to switch from other carriers. The answer is a resounding yes! Verizon runs multiple promotions aimed specifically at new switchers to make the transition as easy as possible.
In 2024, Verizon is offering new customers who switch up to $1800 in total savings when you combine the various new customer promotions currently available.
I‘ll provide insider expertise to breakdown exactly what kind of savings and perks you can expect from switching to Verizon, along with requirements and tips for maximizing value.
Overview of Verizon‘s Current Switch & Save Promotional Offers
Here‘s an overview of Verizon‘s current major savings offers for new customers switching from another carrier:
Device Savings:
- Get up to $1000 to pay off your old device payment plan from previous carrier
- Must purchase new 5G phone from Verizon on a payment plan
Service Discounts & Freebies:
- Waived activation fees (save $40 per line)
- Get Disney Plus, Hulu, and ESPN Plus streaming bundle included for 6 months with select 5G Unlimited plans
- Deals like buy one iPhone, get $800 off another iPhone
- Insider Hookup discount – 20% off Unlimited plans for life
Early Termination Fee Buyouts:
- Get prepaid cards worth up to $750 for carriers like AT&T and T-Mobile or up to $500 for others carriers to cover any early termination fees
According to Verizon‘s latest annual earnings report released this month, over 2 million new accounts were added in the past year from customers switching to Verizon‘s network. That‘s a significant chunk of switchers taking advantage of these new line promotions.
Below I‘ve provided further details related to the most common consumer questions around switching and Verizon‘s offers.
Will Verizon Pay Off My Phone When I Switch Providers?
Verizon allows new switchers who purchase a 5G device on a device payment plan (DPP) to receive up to $1000 per device to pay off their phone payment plan balance from their old carrier.
If you switch 2 lines over to Verizon and buy new 5G phones on DPP, you could get up to $2000 to pay off both devices. To qualify, you must:
- Port your number in from eligible carrier
- Purchase new 5G device on a DPP
- Register for offer within 30 days and submit proof of payoff and activation
This limited-time offer can help instantly offset any remaining phone payments you might owe to AT&T, T-Mobile or other previous carrier.
Does Verizon Pay Early Termination Fees (ETFs)?
Yes, Verizon will cover carrier-imposed early termination fees associated with switching up to defined limits:
| Carrier | Max Reimbursement |
|---|---|
| AT&T | $750 per line |
| Sprint | $500 per line |
| T-Mobile | $750 per line |
| Other | $500 per line |
To get your early termination fee paid off by Verizon, you need to register at Verizon‘s dedicated Switch and Save hub within the promotion period and provide your final AT&T bill showing the ETF charge. Verizon will then send you a prepaid Mastercard to cover reimbursement.
What About Switching From Specific Carriers Like AT&T and T-Mobile?
Verizon structures certain switch offers specifically targeting customers from AT&T, T-Mobile and Sprint with extra incentives beyond the general switching promotions mentioned already:
AT&T Switchers
- Get up to $1800 per line when you combine promotional offers
- Includes up to $1000 per line for device payoff and up to $750 per line for AT&T ETF
- Must port-in number, activate on an unlimited plan, and purchase new 5G phone
T-Mobile Switchers
- Receive up to $1340 per line in potential savings
- Up to $750 per line for ETF reimbursements
- $500 prepaid card per line to pay off old device, accessories or other T-Mobile fees
- Must activate on select 5G Do More, Play More or Get More unlimited plan
These carrier-specific switch incentives demonstrate how Verizon is targeting subscribers from their major competitors with enticing deals.
What About Other Perks When I Switch? Can I Keep My Phone Number?
Beyond direct monetary savings, Verizon offers new switchers other freebies and perks such as:
- Get the Disney Bundle (Disney+, Hulu, ESPN+) included free for 6 months with Play More or Get More plans (then $7/month after)
- Keep your phone number when you switch
- Take advantage of iPhone and Samsung device deals like buy one get $800 off a second device
And yes, you can absolutely bring your phone number over when you switch carriers. Just make sure not to cancel service with your old provider before the number transfer completes to avoid any issues porting over your number.
The process is easy – when you sign up to switch, just provide Verizon with your account number and other key details like billing address zip code for your old carrier.
Conclusion – Yes, Switching Carriers for Verizon‘s Promotions Can Save Over $1000
The short answer is – yes! Verizon aims to make switching carriers as financially painless as possible with stackable savings worth over $1000 in many cases, including:
- Up to $1000 device payoff
- Hundreds towards early termination fee reimbursements
- Activation fee waivers
- Free streaming and other perks
Just be sure to take advantage of the savings offers and register within the promotion periods. And as always, contact me or Verizon for any other questions on what carrier switch savings or devices may be best for your needs.
