Earlier this month, we heard a rumor claiming that T-Mobile would soon be dropping its FlexPay option in favor of a more traditional deposit-based system, and today a leak has confirmed the carrier's plans. Our friends over at TmoNews got hold of the image you see above, showing that Magenta will be introducing its deposit option on March 13th, which they believe is "improved and less complicated" compared to FlexPay. Customers will be subject to a credit check and, if a deposit is necessary, there will be $50, $100, $200, or $400 options. The deposit will be returned after the 12th month at the consumer's request.

There will likely be quite a few customers disappointed by the fact that T-Mo is putting FlexPay out to pasture, especially those of us that'll now have to pay a large deposit. At least we have those cheaper Even More/Even More Plus plans and new unlimited data plan to look forward to, I suppose. How many of you out there have taken advantage of T-Mobile's FlexPay option?

Via TmoNews