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Confirmed: T-Mobile to drop FlexPay, require deposits

March 1st, 2011 at 3:19 PM

We reported yesterday that T-Mobile will be eliminating its FlexPay plans, and we’ve now received a screen shot of an internal T-Mobile document that confirms the carrier’s plans to drop FlexPay. In its place, T-Mobile will be introducing a program that lets customers with unsatisfactory credit sign up for postpaid-like plans by leaving deposits up front. These deposits range from $50 per line to $400 per line, and will be based on the customer’s credit rating. Full deposit amounts will need to be paid at the time of activation and deposits will be refunded in their entirety after accounts have been in good standing for 12 months.

Thanks, justfinethankyou!

Jonathan Geller is the founder of Boy Genius Report, now known as BGR, and one of the biggest tech & mobile destinations in the world.

BGR was acquired by leading digital media company PMC in April 2010 and Jonathan is President and Editor-in-chief of BGR Media, LLC. Jonathan was named to Forbes' coveted 30 under 30 list in 2016, and frequently appears as a commentator on news channels such as CNBC, Fox News, ABC News and Bloomberg.

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