Does Verizon Prorate Your Final Bill in 2024? (All You Need To Know)

You rely on your cell phone and internet services daily. But costs may creep up over time, making you wonder — should I stick with my current Verizon plan or switch to a new carrier?

If you‘re considering canceling Verizon in 2024, a big question is: does Verizon prorate your final bill if you cancel service mid-cycle?

I analyzed Verizon‘s policies to uncover everything you need to know about what to expect with your final bill. Keep reading for insider tips to make navigating a Verizon cancellation smooth sailing.

Verizon‘s Official Prorated Billing Policies

First, let‘s look at what Verizon‘sTerms and Conditions state regarding prorated bills upon service cancellation:

"If either you or Verizon terminates this agreement, Verizon will not refund any prepaid monthly service fee or other charges previously billed."

This means regardless of who ends the contract — you or Verizon — Verizon does not prorate final bills for monthly cell phone plans or most other services. They expect payment covering the entire final monthly billing cycle.

However, the Terms of Service mentions one exception:

"For Verizon Internet subscribers, any charges imposed or service provided after the effective date of termination will be refunded or credited to you."

So Verizon FIOS internet customers may receive prorated credits on charges billed past the cancellation date.

Below I break down exactly what you can expect with your final bill for Verizon wireless, FIOS, and other services when you cancel.

Verizon Wireless Final Bill Policies

If you cancel your Verizon wireless cell phone plan, regardless if you‘re under contract or not, do not expect any bill proration.

Verizon confirms mobile plan subscribers will be billed the full monthly service charge for the final bill.

The only way a prorated wireless bill may happen is if you cancel within 14 days of activating new service. Verizon offers new customers a 14 day period to cancel with no early termination fee. If you cancel within that window, charges get prorated from the activation date.

But outside of that initial 14 day window, expect to pay the full month whenever you cancel Verizon mobile plans.

Verizon FIOS Final Bill Policies

For Verizon FIOS internet customers, final bill policies depend on whether Verizon or the customer initiates the cancellation, and what type of charges are involved. See Verizon‘s breakdown:

So while cell phone customers get no proration grace, FIOS subscribers may see credits in certain cases.

Are Early Termination Fees Prorated?

Another big billing consideration is early termination fees which hit customers still under Verizon contract who cancel service early.

The typical Verizon early termination fee starts at $350 but gets prorated down based on how many months are left in your contract term when you cancel.

• For example with an original 24 month contract term:
  • Cancel at 18 months = $175 early termination fee
  • Cancel at 12 months = $87.50 early termination fee

So while monthly service charges won‘t get prorated when leaving early, the early termination fees at least scale down the longer you‘ve stayed with Verizon.

Expert Tips to Navigate Your Verizon Cancellation

Switching cell phone or internet providers can quickly get confusing. Use these pro tips when navigating your Verizon cancellation to avoid surprises on your final bill:

• Check your contract end date – Log into your My Verizon account online or call customer support to verify when your contract term finishes. If it ends soon, wait it out to avoid early termination fees.

• Cancel a week before your billing date – Verizon bills in advance on set monthly cycles. Cancel at least 5-7 days before your next billing date to avoid getting charged for the next month.

• Review final bill charges – Once you receive your final bill, comb through the charges to spot any errors. Dispute inaccuracies immediately to get credits.

• Ask about promotions – Loyal customers with multiple Verizon services may have luck getting fees waived. Doesn‘t hurt to call and politely ask!

The Bottom Line

Navigating carrier switches involves jumping through hoops. But going in informed on Verizon‘s final bill policies for wireless, FIOS, and your specific contract status makes the process smoother.

While bill proration is unlikely, following best practices helps avoid early termination penalties. And surfacing inaccuracies promptly leads to correcting invalid charges.

I hope this analysis gave you insider clarity on what to expect for your final Verizon bill. Let me know if any other Verizon cancellation questions come up!