When you receive your monthly Verizon Wireless bill, you likely just pay the total by the due date and move on. But did you know paying early, before the due date, can be advantageous? Verizon makes it simple to pay your bill early online or on the app. This article explains how and why you may want to pay early.
The Option to Pay Early Exists
Many people wrongly assume you can only pay a bill on the actual due date. But with Verizon Wireless, you have the flexibility to pay your monthly mobile bill early whether it’s days, weeks or even a month before the due date.
As soon as your new bill generates each month, you can pay right away if you want. You don’t have to wait until the due date. Verizon enables early payments for customer convenience and flexibility.
Multiple Ways to Pay Your Bill Early
If you wish to pay your Verizon Wireless bill early, you have various options
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Online – On your My Verizon account, you can make a one-time early payment by debit card, credit card or bank account.
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Verizon app – The My Verizon app also enables quick early bill payments.
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Auto Pay – Set up recurring automatic payments from your credit card, bank account or Verizon account balance.
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By phone – Call Verizon customer service and request an early payment.
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In person – Visit a Verizon store and make an early payment.
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By mail – Send a check or money order to Verizon before your due date.
So paying early is quick and easy through various methods. The online account tools are most popular for convenience.
Benefits of Paying Your Verizon Bill Early
Here are some advantages that can come with paying your Verizon wireless bill early each month:
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Avoid late fees – Pay early to ensure your payment arrives on time.
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Earn rewards – Some credit cards offer rewards for paying bills.
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Maintain service – Early payments prevent any service interruptions.
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Set and forget – Schedule automatic early monthly payments.
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Budgeting – Paying early helps account for the bill in your monthly budget.
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Peace of mind – Eliminates having to remember to pay later.
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Account credit – Early payments create a credit that’s later applied.
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Lower balance – You carry a lower account balance month-to-month.
So while paying early is optional, it can provide many benefits if it aligns with your financial preferences.
What If You Pay Too Early?
Say your Verizon bill isn’t even generated yet for the month, can you still pay early? Yes, Verizon actually allows you to prepay your account up to $500 earlier than the current bill.
For example, if your average monthly bill is $80, you could prepay $500 right now to cover your next 6 months of bills. This extra payment would create a large credit balance on your account.
Each subsequent $80 monthly bill would then automatically deduct from that credit balance instead of charging your credit card or bank account.
Answering Common Early Payment Questions
If you are new to the idea of paying bills early, you may have some questions. Here are answers to some frequently asked questions:
How early can I pay my Verizon Wireless bill?
You can pay as early as you like, even before your new bill is generated each month. Verizon allows advance payments up to $500.
What’s the latest I can pay early?
You can make an early payment up to 1 second before your actual bill due date and time.
Can I set up automatic monthly early payments?
Yes, through Auto Pay you can schedule monthly payments to process automatically on a specific early date you choose.
Is there any fee to pay my Verizon bill early?
Nope – Verizon does not charge a fee for early bill payments. Pay as early as you want for free.
What if I overpay my bill by paying early?
Any amount over your billed amount becomes a credit balance on your Verizon account to be applied to future bills.
If I pay early, can I still earn credit card rewards?
Yes, paying your Verizon bill early with a rewards credit card can still allow you to earn cash back, points or miles.
What if my early payment amount is less than my full bill?
If your early payment doesn’t cover the full monthly bill, you could still have a remaining balance due on the due date.
When does my prepaid payment expire?
A new expiration date is set each time you make a payment to your account. Its set differently depending on when you signed up for your prepaid plan.
- I signed up for my prepaid plan AFTER 11/6/18 As long as you renew your plan within 60 days of the plan renewal date, your account will stay active and your payments wont expire.
- I signed up for my prepaid plan BEFORE 11/6/18 Once applied to your account, payments expire as follows:
| Payment amount | Expires in |
|---|---|
| $0.01 – $29.99 | 30 days |
| $30 – $74.99 | 90 days |
| $75 – $99.99 | 180 days |
| $100 or more | 365 days |
If you make a payment to your account before your expiration date, any unused balance will carry over and expire on your new expiration date. If you dont make another payment before the expiration date, any remaining balance on your account will be lost and you may not be able to keep your mobile number.
What types of credit cards can I use to add funds to my prepaid account with My Verizon?
Add funds to your prepaid account using any of these credit cards:
- Visa®
- Mastercard®
- Discover®
- American Express®
What Happens If I Pay Off My Verizon Phone Early?
FAQ
Can you pay ahead on a Verizon bill?
What happens if I pay My Verizon bill before AutoPay?
Can you pay Verizon early?
Is there a penalty for paying off a Verizon phone early?
What if I Can’t Pay my Verizon Mobile bill?
Financial emergencies happen, and sometimes bills are higher than expected. If you can’t pay your Verizon mobile bill on time, setting up a payment arrangement can prevent your account from being sent to collections or having your service interrupted. Looking for payment arrangement information for your Verizon Fios account?
Does Verizon offer a discount if you pay off a phone early?
In fact, Verizon sometimes has promos that are applied as discounts to the monthly bill (such as $240 off a phone, applied as 24 x $10 monthly bill credits. The terms of many of these promotional discounts often state that you lose the discount if you pay the phone off, early.
Can I pay off my phone early?
Yes, if you have a monthly device payment on your bill each month and you pay off the device early, your monthly bill will be reduced by the monthly amount of your device payment and you would only be paying for service each month on your bill. 05-11-2020 12:55 PM There is no advantage to paying off your phone.
Should I pay off my Verizon credit early?
It may be different for each promotion, but mine was that Verizon would only pay up to their part each month so paying off early would have me lose the Verizon credits each month. Otherwise pros: paid off early and feels better.
How do I Change My payment due date on my Verizon bill?
Your payment due date is shown on the first page of your bill. Go to your Bill Overview in My Verizon. Scroll down and click the Bill PDF. If you’re the Account Owner or the Account Manager, you can change your payment due date. Will Verizon send me reminders to pay my bill? You haven’t enrolled in Auto Pay.
Does Verizon charge a fee to make a payment?
There’s no charge for making payments through My Verizon, at a Verizon store or when you dial #PMT from a mobile phone. However: There’s a $10 Agent Assistance Fee when you pay by calling Customer Service. Non-Verizon payment locations may charge a convenience fee up to $3.