Update (May 5, 3:50 p.m. ET): Verizon clarified in an email to Android Central that postpaid consumer customers will not be charged an economic adjustment fee and will see an administrative fee increase on their bill from $1.35 to $3.30. This will come into effect for the June 2022 billing cycle.
Verizon also clarified that business plans that meet certain conditions will see the economic adjustment fee. These terms include newly activated or upgraded lines, existing plans that have completed a contract-based line term, and lines that have 12 months or less remaining on a device payment plan.
The article has been updated with this information.
What do you want to know
- Verizon is increasing fees for business and customer accounts starting in June.
- The cost of its plans will remain the same with a new “economic adjustment fee” and an increase in administration fees affecting customer bills.
- Each voice line will be billed for this additional amount, so family plans will see a larger cost increase.
If you’re a Verizon Wireless customer, your bill is about to go up in June. Verizon is set to add “economic adjustment fees” to certain lines of business and increased administration fees for Verizon postpaid consumer customers. As Bloomberg reported, these new fees will apply to both personal and business accounts, although some business plans will have to pay a little more.
Verizon is increasing its administrative fees for consumer lines from $1.35 to $3.30 for their June billing cycle. These charges apply to each voice line in the account, so if you have more than one line with voice service, you will be charged for each one. Enterprise data plans will see a larger increase of $2.20, and basic plans will increase by $0.98 with the economic adjustment fee.
It’s the first time in two years that the carrier has risen and is tied to increases in inflation. Some customers on grandfathered Verizon plans have seen increases through 2021, according to 9to5Mac. The publication also noted that AT&T would also raise prices for some legacy customers.
Speaking to Bloomberg last week, Verizon Business head Tami Erwin said:
“We are all feeling the pressure and we are in the process of deciding how much of that pressure we can share with our customers.”
Despite the increase in the monthly cost of its plans for consumers, Verizon is not updating the price of its plans to reflect this new charge and will continue to advertise plans at the same rate.
Although Verizon still offers some of the best cell phone plans in terms of features and coverage, there are plenty of other prepaid phone plans available for those looking to save on wireless plans. This includes the Verizon-owned Visible prepaid brand, which offers unlimited data at a lower priority with all fees and taxes included in the price. While Verizon’s postpaid customers will get higher priority data speeds, many people will be more than happy with the speeds of prepaid plans.