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Koodo monthly tab balance


I got a Koodo $29 monthly plan with $5 charge for my $300 tab. Since it is a 2 year contract my tab balance should be reduced by 12.50 a month. Since my usage is minimum the bill just takes off around $ 10 a month which will make my tab balance go beyond 2 years. Me and a friend took this plan together. For him the tab balance reduces by $12.50 a month although he has minimum usage too but it does not work the same for me. Can anyone tell me about it.

3 replies

Userlevel 7
Does your friend live in another province? Even so rest assured that at the two year mark, the tab is zeroed. Even if a balance remains. Federal law mandates that a term can not be more than 24 months. Also, if you used a positive tab balance towards your phone when you started, that would reduce your tab balance at the get go. Hence lower monthly instalments.
Userlevel 1
Hello, With the type of tab that you have signed up with, you make $5 monthly contributions as well as Koodo takes 15% of your monthly bill and puts that towards your tab as well. With a $29 plan, and no overages that means that a total of $9.35 goes towards your tab each month (your $5 + $4.35 from Koodo). That being said, you're right, the math doesn't exactly work out in the end. With this tab, the balance is guaranteed to be paid off within 24 months, so at the end of your term whatever balance is remaining will be cleared up by Koodo. So no worries! 🙂
Userlevel 7
breannashade wrote:

Hello, With the type of tab that you have signed up with, you make $5 monthly contributions as ...

Nice! I wasn't going to attempt the math. 🙂

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