Last edit by: sechs
Please read the wiki before posting a question.
2/25/2015 - Single payment limit raised to $2999 when using credit or debit cards. Maximum payments per calendar month per individual biller account raised from 1 to 4.
2/18/2015 - Beginning next week, certain debit cards from smaller banks, as well as prepaid debit cards and gift cards will be subject to a 3 percent Bill Pay Fee on each payment.
Evolve now accepts Discover, Visa and Mastercard credit cards with 3% fee.
Debit Cards Not Charged the 3% Fee:
Transaction Limits:
http://www.evolvemoney.com/transaction-limits/
Daily dollar limits include:
Individual bill pay dollar limits include:
Monthly payment limits include:
The limits are based on charge date, not payment date.
There are currently no credit cards that can be paid via Evolve.
Tips for Using Evolve
Mortgages Section
Let us know if payments auto apply to principal or if you have to call
Bank of America: After making 4 payments over the weekend you MUST call (or use online banking messaging) to allocate funds to the regular payment - by default it goes to principal.
Central Mortgage: Appears to go to additional principal payment. YMMV
Chase: Payments with JPMorgan have to fall within a ~5-day window in order for them to be unallocated, otherwise they go to principal. Your window depends on the billing date (usually the 1st of the month). If so, the window is until the 5th, so using Evolve, you have to allow for the payment to post and have it post between ~the 1st and the 5th. PITA
Citi: Made two payments near the end of the month and these were originally "unapplied" and labeled as "additional funds received". A day or two afterwards they moved to principal payments. A quick call to Citi had the payments moved from principal to make up my monthly mortgage payment.
Nationstar Mortgage: Payment applied as an "Additional principal payment" if you sent before the 1st of the month. If you pay after the first, the payment is held until you submit the full payment amount, and then the whole thing is applied to your monthly payment.
PNC: Partial payments will be held aside until payment in full is made. They will send a letter.
Provident Funding: Does not accept partial payments. After month's mortgage is paid, accepts Evolve a additional principal payments.
US Bank: Made 4 payments in June; after a couple of days, payments moved from principal payment to applying to monthly payment w/o a call
Wells Fargo: Two $500 payments day 1, One $500 payment day 2 going over the actual mortgage payment amount due. The payment automatically combined itself to pay the exact amount due once the Third hit. Any amount that was overpaid subsequently went towards principal. Nice to not have to send in the Exact amount, if you don't mind paying some extra principal.
"If you have any problems with gift cards please send us an email at support [at] evolvemoney.com" [Source: AlexAtEvolveMoney]
2/25/2015 - Single payment limit raised to $2999 when using credit or debit cards. Maximum payments per calendar month per individual biller account raised from 1 to 4.
2/18/2015 - Beginning next week, certain debit cards from smaller banks, as well as prepaid debit cards and gift cards will be subject to a 3 percent Bill Pay Fee on each payment.
Evolve now accepts Discover, Visa and Mastercard credit cards with 3% fee.
Debit Cards Not Charged the 3% Fee:
- Insert here
- US Bank (but not prepaid)
Transaction Limits:
http://www.evolvemoney.com/transaction-limits/
Daily dollar limits include:
- $2,999.00 in payments funded by a debit card and/or credit card
- $999.00 in payments funded by a cash load pack
Individual bill pay dollar limits include:
- $2999.00 for a single bill funded by a debit card and/or credit card
- $999.00 for a single bill funded by a cash load pack
Monthly payment limits include:
- 4 payments per month using a credit or debit card within the dollar limits listed above.
- Unlimited number of payments per month using a cash load pack within the dollar limits listed above.
- Maximum of $10,000 total payments per month for credit, debit, and cash load packs combined.
The limits are based on charge date, not payment date.
There are currently no credit cards that can be paid via Evolve.
Tips for Using Evolve
- No need to register your debit card
- If your transaction does not go through, you will have to wait for the authorization to fall off your card
- Using multiple Evolve accounts paying the same biller may lead to your biller being permanently blocked
- If using GCs with the new scheduling feature, it is important to schedule in such a way that it says your card will be charged today (not on a future date) to prevent a decline; and if you want to avoid the Express Pay fee this also means typically scheduling a few days out (click each date to find one without the fee but still charges your card today).
Mortgages Section
Let us know if payments auto apply to principal or if you have to call
Bank of America: After making 4 payments over the weekend you MUST call (or use online banking messaging) to allocate funds to the regular payment - by default it goes to principal.
Central Mortgage: Appears to go to additional principal payment. YMMV
Chase: Payments with JPMorgan have to fall within a ~5-day window in order for them to be unallocated, otherwise they go to principal. Your window depends on the billing date (usually the 1st of the month). If so, the window is until the 5th, so using Evolve, you have to allow for the payment to post and have it post between ~the 1st and the 5th. PITA
Citi: Made two payments near the end of the month and these were originally "unapplied" and labeled as "additional funds received". A day or two afterwards they moved to principal payments. A quick call to Citi had the payments moved from principal to make up my monthly mortgage payment.
Nationstar Mortgage: Payment applied as an "Additional principal payment" if you sent before the 1st of the month. If you pay after the first, the payment is held until you submit the full payment amount, and then the whole thing is applied to your monthly payment.
PNC: Partial payments will be held aside until payment in full is made. They will send a letter.
Provident Funding: Does not accept partial payments. After month's mortgage is paid, accepts Evolve a additional principal payments.
US Bank: Made 4 payments in June; after a couple of days, payments moved from principal payment to applying to monthly payment w/o a call
Wells Fargo: Two $500 payments day 1, One $500 payment day 2 going over the actual mortgage payment amount due. The payment automatically combined itself to pay the exact amount due once the Third hit. Any amount that was overpaid subsequently went towards principal. Nice to not have to send in the Exact amount, if you don't mind paying some extra principal.
"If you have any problems with gift cards please send us an email at support [at] evolvemoney.com" [Source: AlexAtEvolveMoney]
Evolve Money
#151
Join Date: Jan 2014
Posts: 14
Well if absolutely nothing else this let's me earn some miles paying my property taxes of $6.5k by debit. Made a payment on Wednesday and showing up on my tax account now.
If these guys add credit cards we are all going to have to go massively big as this will be the holy grail and won't be able to survive long
If these guys add credit cards we are all going to have to go massively big as this will be the holy grail and won't be able to survive long
There is not a whole lot that this site does that I can't do with MO or other services but it does make it very convenient and save $0.70 a pop and postage. There are so many hoops to jump through with this game and while that is some of the fun if it, it also can get tiresome.
I don't understand how they are monetizing this but I hope it is enough to keep it more or less like it is. I'm digging their prompted service and how much less running around this allows me to do.
I've got other options for paying CC with debit so keeping this solution solvent is much more important to me.
#152
Join Date: May 2011
Location: Bay Area, CA
Programs: SPG, Hyatt Diamond Member, Club Calrson Silver, AA, Hilton Gold, BA
Posts: 476
This is great. If I decided to pay off my student loans of 13k which I can now but with interest rates so low id rather hold off longer, I can get 5% on the 13k with my credit card. w00t!
#153
Join Date: Jun 2011
Location: SFO
Programs: Hilton-Gold
Posts: 706
I just paid my PGE and Toyota bills. PGE was same day(free till Feb sometime). I also requested to add my water company, let me see how it goes. As many said this will be useful to reduce no of WM trips and MOs.
Last edited by concordian; Jan 25, 2014 at 3:47 pm Reason: Correction
#156
In regards to CC's!
One of our most important initiatives in development right now is adding credit card payments. I don't have an exact date for when we'll have that released to our users but it is a major priority (frankly I want that functionality now too).
Other big items we're working on are developing an iOS app (we already have an Android app on Google Play) and adding payment scheduling and reminders. Again, these are in development and we hope to have them done soon.
When we release new features, we always post updates on our blog and send an email to our user base. We'll let you know as soon as the next cool thing is available.
Thank you for your feedback and don't hesitate to email if you have any additional questions. In the meantime, have a good weekend -
Other big items we're working on are developing an iOS app (we already have an Android app on Google Play) and adding payment scheduling and reminders. Again, these are in development and we hope to have them done soon.
When we release new features, we always post updates on our blog and send an email to our user base. We'll let you know as soon as the next cool thing is available.
Thank you for your feedback and don't hesitate to email if you have any additional questions. In the meantime, have a good weekend -
#160
#162
Of course then this would be due to MVD's discretion...
#163
Join Date: Aug 2009
Location: RDU
Programs: A few
Posts: 5,499
So far it's one report... could be real, could be not. I'm not up to twenty yet, but I am well over one and it's working remarkably well. Previously had no way of paying property taxes online and with a $7 bill due end of this week this has been a godsend. The payments are going through super quickly, better than any other billpay service I have used anywhere.
I have no idea what their biz model is but frankly I'd be happy to pay a couple of bucks per bill pay to see this thing stick around
Edit: I did have one fail, got an error message, and now have a $200 pending on a $200 card. but that's cool, I am sure it will come off in due course. Not sure exactly the time gap you have to leave between payments or how many you can do the same payee per day but I have done 5 in one day to the same payee so far
I have no idea what their biz model is but frankly I'd be happy to pay a couple of bucks per bill pay to see this thing stick around
Edit: I did have one fail, got an error message, and now have a $200 pending on a $200 card. but that's cool, I am sure it will come off in due course. Not sure exactly the time gap you have to leave between payments or how many you can do the same payee per day but I have done 5 in one day to the same payee so far
#164
FlyerTalk Evangelist
Join Date: Nov 2002
Location: BOS, MHT
Programs: AA ltg, B6, DL, UA, AS, SPG/Marriott Plt, HH, Hyatt
Posts: 10,052
I hope you are correct sir. But we do not yet know and something WILL change with the service.
I like this thang too for now though, and will see how it goes.
I like this thang too for now though, and will see how it goes.
#165
Join Date: Aug 2009
Location: RDU
Programs: A few
Posts: 5,499