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What is the Device Savings Recovery Fee

Joshhh
I'm a Participant Level 1
I'm a Participant Level 1

I switched from fido to another carrier and got a Device Savings Recovery Fee. Its not clearly stated what that is. What am I paying for?

1 REPLY 1

Cawtau
Senior MVP Senior MVP
Senior MVP

Hello Joshhh,

 

  Welcome to the community!

 

  When you subsidise a device, you get the device at a lower upfront cost. The remaining cost of the device is incorporated into your plan under contract. If you switched to another carrier before your contract finished, there would still be an amount you would need to pay to completely payoff your phone. That outstanding amount would be the Device Savings Recovery Fee.

 

Hope this helps 😀

 

Cheers