How to Cancel FasTrak

Subscription in Few Steps

FasTrak Subscription Refund Policy

The refund policy for FasTrak users is quite simple. All remaining amounts will be transferred to use as they made the initial payment. To obtain a refund for your toll tag security deposit, you must return your toll tag(s) within 10 business days after submitting a closure request. If returning your toll tag(s) by mail, FasTrak advises using certified or registered mail to ensure you can track the delivery. You can send the toll tag to:

FasTrak Customer Service Center
Toll Tag Return
P.O. Box 26927
San Francisco, CA 94126

How Much You Can Save After Canceling Your FasTrak Subscription

A minimum $50 balance is required to start your transaction using the FasTrak account. You can use its funds up to $1 in the balance account. You can recharge your account as much as you like to ensure no difficulty using express lanes and toll payments. You can use your funds for better purposes instead of using them for tolls. You can also find another alternative service provider to manage your Bay Area toll payments at much more affordable rates and better discounts.

Where To Invest That Amount

Investing money instead of maintaining a deposit for your toll payments is excellent for your future finances. You can invest in the stock market, mutual funds, and government bonds to expect steady returns and risk-free savings. You can invest in a high-yield savings account for better returns and minimum risks. Beem can help you with your investment journey and assist you during a financial crisis. With Beem, you can manage your finances much better and excel in saving. 

Alternatives to FasTrak Subscription

If you're looking for alternatives to a FasTrak subscription for toll roads and bridges, several options depend on your location and needs. Here’s a breakdown of alternatives:

EZ-Pass

It is widely used in the Northeastern U.S., including New York, New Jersey, and Pennsylvania. It offers a similar convenience for toll collection as FasTrak.

SunPass

It is used primarily in Florida. It provides electronic toll payment and can be used on Florida’s toll roads and select toll roads in Georgia.

TxTag 

Operates in Texas, allowing for electronic toll payments on Texas toll roads and highways.

License Plate Recognition (LPR) Systems

Some toll roads and bridges use license plate recognition to bill you for tolls if you don't have a transponder. This is common in regions with electronic tolling but where transponders are not mandatory.

Conclusion

A FasTrak account enables you to make your toll payments and attracts customers with impressive discounts. With this membership, one can access express lanes in the Bay Area at toll gates and enjoy a premium experience. However, people who do not travel often or do not feel the membership is worth it must cancel their subscription. It is better to use your funds for something you find helpful. You can try apps like Beem to explore investment opportunities and expect returns of up to 5% APYs. Beem provides financial guidance and advice to users in need and maintains their savings for a financially independent future.