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
#2088
Join Date: Jun 2012
Posts: 72
#2090
Join Date: Jul 2012
Posts: 274
I am a little bit confused with the additional date with evolve.
I am trying to pay my bofa mortage 4x pmt of =/- $500, but for today, it will be sent on 08/13/14. Deadline is 08/15/14..will it arrived on time?
In additional I am also confused with a remarks of "Gift cards and one time use pre-paid debit cards cannot be used to make payments more than 1-2 business days in advance. If attempted, the bank that issues the card may decline your payment".
Would is still apply successfully?
I worry I am late, I forgot to do it last week.
oozze
I am trying to pay my bofa mortage 4x pmt of =/- $500, but for today, it will be sent on 08/13/14. Deadline is 08/15/14..will it arrived on time?
In additional I am also confused with a remarks of "Gift cards and one time use pre-paid debit cards cannot be used to make payments more than 1-2 business days in advance. If attempted, the bank that issues the card may decline your payment".
Would is still apply successfully?
I worry I am late, I forgot to do it last week.
oozze
#2091
Join Date: Aug 2010
Location: LAS, MPL
Programs: DL Platinum, 1 MM
Posts: 1,321
I am having problems paying my Suntrust mortgage; for the second month the first payment of $500 went through, the second payment (a few days later) is rejected the day after I submit it with a message of "Bill returned after submission". Evolve claims it is rejected by the payee, calling Suntrust gets me nowhere, they claim that they never reject payments. What gives? has anybody else seen something like this?
#2092
Join Date: Mar 2014
Posts: 50
I am a little bit confused with the additional date with evolve.
I am trying to pay my bofa mortage 4x pmt of =/- $500, but for today, it will be sent on 08/13/14. Deadline is 08/15/14..will it arrived on time?
In additional I am also confused with a remarks of "Gift cards and one time use pre-paid debit cards cannot be used to make payments more than 1-2 business days in advance. If attempted, the bank that issues the card may decline your payment".
Would is still apply successfully?
I worry I am late, I forgot to do it last week.
oozze
I am trying to pay my bofa mortage 4x pmt of =/- $500, but for today, it will be sent on 08/13/14. Deadline is 08/15/14..will it arrived on time?
In additional I am also confused with a remarks of "Gift cards and one time use pre-paid debit cards cannot be used to make payments more than 1-2 business days in advance. If attempted, the bank that issues the card may decline your payment".
Would is still apply successfully?
I worry I am late, I forgot to do it last week.
oozze
#2094
Join Date: Jan 2013
Programs: Hyatt Glb, MR Plat
Posts: 2,577
Does anyone have a recent datapoint on Flagstar mortgage payments and if it's working over the span of 1+ day payments? I've only seen one datapoint a few months ago saying a single payment was rejected.
I've also updated the Wiki on how my Wells Fargo mortgage handles separate Evolve payments.
I've also updated the Wiki on how my Wells Fargo mortgage handles separate Evolve payments.
#2095
Join Date: Jul 2001
Posts: 1,751
I've been paying Suntrust Mortgage via Evolve for several months now. Before this month I'd been paying $2K/mo via 2 x $500 made on Sat and 2 x $500 made on Sun. With the recent changes I was apprehensive when I made my Aug payment, rather than paying on the weekend (because I didn't and still don't fully understand how weekend payments are now processed and didn't want to risk a rejected payment) I made my payments on Mon & Tue, thankfully they posted correctly to my Suntrust account on Tue & Wed, respectively.
#2099
Join Date: Jan 2005
Posts: 492
For larger mortgage, will it be OK to combine payment from Evolve and normal electrionic transfer? Say had a 3k mortgage at BOA, and can only use 4 * $500 OV per month, schedule the rest 1k via tranditional transfer, will it all be combined into the monthly due instead of principal?