Apr 9, 2014, 10:37 pm
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
Jul 23, 2014, 8:18 am
#1876
Join Date: Jan 2014
Posts: 286
Just got an e-mail this morning from EV. Looks like you can now schedule your payments, up to 45 days in advance. I'm going to try scheduling 4 separate payments to the same mortgage account to be paid next week. Looks like a nice feature if it works since WF needs all payments to show up on the same day in order to be processed correctly.
Jul 23, 2014, 8:24 am
#1877
Join Date: Aug 2013
Posts: 415
http://www.evolvemoney.com/schedulin...ney/#more-1907
Another update is scheduling payments with debit cards. They didn't mention in the blog entry whether the $1,000 per day limit applies to the day scheduled or the day of payment. Might be worth testing out.
You beat me to it, but I just wanted to respond to this - I paid my WF mortgage for the first time last month and my experience was different from yours. My mortgage is $1200 and change. The initial $1,000 that showed up was put in unapplied funds. Once of the rest of the payment showed up, the $1,000 was reapplied to the payment. So my experience is as long as you make exact payment, even accross several days, it's not an issue. I didn't even have to call
Another update is scheduling payments with debit cards. They didn't mention in the blog entry whether the $1,000 per day limit applies to the day scheduled or the day of payment. Might be worth testing out.
Just got an e-mail this morning from EV. Looks like you can now schedule your payments, up to 45 days in advance. I'm going to try scheduling 4 separate payments to the same mortgage account to be paid next week. Looks like a nice feature if it works since WF needs all payments to show up on the same day in order to be processed correctly.
Jul 23, 2014, 8:25 am
#1878
Join Date: Oct 2013
Programs: Hyatt Globalist No More..., Hyatt Explorist, Hilton Diamond, SPG Platinum, Marriott Platinum
Posts: 4,375
http://www.evolvemoney.com/schedulin...ney/#more-1907
Another update is scheduling payments with debit cards. They didn't mention in the blog entry whether the $1,000 per day limit applies to the day scheduled or the day of payment. Might be worth testing out.
Another update is scheduling payments with debit cards. They didn't mention in the blog entry whether the $1,000 per day limit applies to the day scheduled or the day of payment. Might be worth testing out.
Jul 23, 2014, 9:59 am
#1880
Join Date: May 2013
Posts: 747
Makes me wonder about month limits and scheduling (schedule $1000 in July to go out in early August, once August hits schedule another $1000 for same day as the July $1000 in order to pay large bills)
Jul 23, 2014, 1:15 pm
#1883
Join Date: Jul 2014
Location: ATL
Programs: HH Diamond, DL Silver
Posts: 29
http://www.evolvemoney.com/schedulin...ney/#more-1907
Another update is scheduling payments with debit cards. They didn't mention in the blog entry whether the $1,000 per day limit applies to the day scheduled or the day of payment. Might be worth testing out.
You beat me to it, but I just wanted to respond to this - I paid my WF mortgage for the first time last month and my experience was different from yours. My mortgage is $1200 and change. The initial $1,000 that showed up was put in unapplied funds. Once of the rest of the payment showed up, the $1,000 was reapplied to the payment. So my experience is as long as you make exact payment, even accross several days, it's not an issue. I didn't even have to call
Another update is scheduling payments with debit cards. They didn't mention in the blog entry whether the $1,000 per day limit applies to the day scheduled or the day of payment. Might be worth testing out.
You beat me to it, but I just wanted to respond to this - I paid my WF mortgage for the first time last month and my experience was different from yours. My mortgage is $1200 and change. The initial $1,000 that showed up was put in unapplied funds. Once of the rest of the payment showed up, the $1,000 was reapplied to the payment. So my experience is as long as you make exact payment, even accross several days, it's not an issue. I didn't even have to call
Jul 23, 2014, 5:20 pm
#1886
FlyerTalk Evangelist
Join Date: Jul 2006
Location: Upper Sternistan
Posts: 10,047
So who's going to test out that $10K/month cap?
Someone here has to be over that already, somehow.
Question is, will it be like the 4 payments/month limit where they just suspend that biller for you until the next month, or if you try to go beyond $10K will they just ban you, as a payer?
Someone here has to be over that already, somehow.
Question is, will it be like the 4 payments/month limit where they just suspend that biller for you until the next month, or if you try to go beyond $10K will they just ban you, as a payer?
Jul 23, 2014, 6:21 pm
#1887
Join Date: Jul 2013
Posts: 322
So who's going to test out that $10K/month cap?
Someone here has to be over that already, somehow.
Question is, will it be like the 4 payments/month limit where they just suspend that biller for you until the next month, or if you try to go beyond $10K will they just ban you, as a payer?
Someone here has to be over that already, somehow.
Question is, will it be like the 4 payments/month limit where they just suspend that biller for you until the next month, or if you try to go beyond $10K will they just ban you, as a payer?
Glad I paid my mortgage already for August as I am past 10k already.
Jul 23, 2014, 6:49 pm
#1889
FlyerTalk Evangelist
Join Date: Jul 2006
Location: Upper Sternistan
Posts: 10,047