How to Cancel eFax

Subscription in Few Steps

eFax Refund Policy

There is more to canceling eFax services, especially if one needs to know the return policy intricacies.

Prorated Refunds

You will not be entitled to a pro-rata refund on cancellation even if you cancel your eFax account mid-month. In other words, you will be able to use the service even after canceling and until the cycle that was initially paid for ends.

Unused Credits 

If a few points or credits remain unused throughout the subscription period, you may not be entitled to a refund. Before canceling, use them because all the remaining credit can be exhausted here.

Confirmation of Cancellation 

Always ensure you get a confirmation of purchase in your email to avoid additional charges.

How Much Can You Save After Canceling Your eFax Subscription?

Canceling your eFax subscription can result in significant savings. Here's the breakdown of potential savings:

Monthly Subscription Cost: If you have a monthly subscription, you can save up to $16.95.

Annual Savings: By canceling, you save $16.95, which is $203.40 annually.

Additional Savings: You can save even more by reducing the need for other fax-related expenses.

Where to Invest the Amount Saved?

After you cancel your subscription, consider investing the money you saved. Here are some suggestions:

Savings Account

A high-yield savings account is a safe avenue while earning some interest on the money deposited here. This option is appropriate when saving from a short-term perspective or creating an emergency fund.

Retirement Accounts

If planning to invest for retirement, it is wise to open a Roth IRA or a Traditional IRA. It also revealed that such accounts do not attract taxes, making your money grow.

Stock Market

If a person diversifies in their investment, they will likely get better returns in the long run when invested in stock market shares. One should always consult a robo-advisor or talk to a financial advisor to develop a proper investing plan that works well for them, given the amount they are willing to lose.

Certificates of Deposit

CDs are saving instruments where the interest rates are fixed and the time the money is locked for is determined. They are a relatively moderate-risk investment through which one can accumulate capital in the future.

Alternatives to eFax

If you discontinue your eFax subscription but still require faxing services, consider the following alternatives:

Online Fax Services

Services like HelloFax, MyFax, and FaxZero provide similar functionality at different prices. They may offer a better deal or features that are more tailored to your needs.

Email-to-Fax Services

Many email systems now offer faxing features. You can send and receive faxes directly from your email, frequently at a lesser cost.

Local Fax Services

Modern office supply businesses, including Staples and FedEx Office Company, offer fax services. This technique may be more economical if you rarely require the service.

Conclusion

Canceling the eFax subscription is easy and can effectively cut costs in the long run. Using the money saved or opting for other financial goals can help you enhance your financial position. For more assistance regarding efficiently utilizing your funds or any investment options queries, you can turn to the Beem financial helping hand services. Beem provides experienced assistance to help you manage your financial path and make sound decisions.