Not true. If you cancel in the first month you would either have to return the phone OR pay the $325 Early Termination Fee. That is assuming you are on a 2 year agreement plan. Those of us that have the new cheaper plans you can only get att next. They basically finance the full price of the phone up front and split the payments up into 12, 18, or 24 months. Cancelling the account requires paying off the full unpaid price of the phone.