Need Cash? Verizon Will Give You $650 To Switch From T-Mobile, Sprint, AT&T

Verizon has laid out its latest plan to get customers to switch their wireless service. The carrier for a limited time is offering up to $650 per line for people that ditch a rival carrier and hop onto Verizon’s network.

To get the deal, customers have to move their existing number to Verizon from another carrier, purchase an LTE smartphone, trade-in an old device from the previous carrier and keep the line active for at least six months.

After jumping through all those hoops, Verizon will give you up to $650 on a prepaid card minus the device trade-in value or a $350 prepaid card to cover early termination fees from your previous carrier. This deal can be used for up to ten lines.

In addition to switching fees, Verizon is also offering a bonus 2GB of data when customers subscribe to its 12GB XL or 18GB XXL plans, which cost $80 and $100 respectively.

Verizon’s promotion is the latest in an ongoing bout between U.S. carriers battling for each other’s customers.

Earlier this month, T-Mobile launched its own incentive. It gave Verizon customers a free 12-month subscription to Hulu plus if they switched over to the magenta network. Sprint in November also launched a deal of its own, which offers customers from Verizon, AT&T and T-Mobile the opportunity to save 50 percent on their existing plan as well as up to $650 to cover the switch to Sprint.

Verizon in its third quarter ended Sept. 30, saw an additional 1.3 million subscribers join its ranks. But despite the gains, its overall growth was down 13 percent compared to the 1.5 million subscribers added in the same period last year.