Take it from someone who has tried this before... Great way to completely lose a financial institution. Also, many won't apply the payments until days later, racking up interest.

I did this with Regions. They were okay with it for about 3 months. Then they called to ask what was up with all the small payments. They thought I was laundering or structuring I guess. Anyway they closed my account after that. Wasted a hard pull.

Be careful. Accusations of structuring could lead to felony charges if people want to be overzealous.

Why would a leinder :D put the payment in a suspense account? I have a similar situation where US Bank did the same thing.

I'd suggest that's a bit harsh, or at least short-sighted. Have some imagination!

Regions? For "Regions Bank Consumer Loans," right? Were you paying a CC or Credit Line?

We run the same risk using AFT with all of our $400 ATM withdrawal->bank deposits. I assume most of us even do it at the same ATM.

anyone who is paying finance fees to do the MS game is defeating the whole purpose of MS...

Not necessarily true. You can yield 4% on your card purchased, and your annual loan rate is low enough you can make the math work.

I have my remaining mortgage on a HELOC and I am nearing total payoff. I had anticipated that I may in the future pull cash out and pay down. I'd need to organize it to not tick off the provider but it could be done. Say pull 3 months worth (@$500 ea) and then pay down. Average balance outstanding 1.5 months or $750. If my loan was at prime, $750 financed over a year at 3.25% = $25 per year. 12*500*.04 = $240, less $25 = $215.

The big issue is the one payment per month, and the limited number of ways to obtain distinct low rate loans. This was much more interesting when we could do 4 payments a month.

Wiki: One payment per biller; go by "charge date"; not "payment date".

Is that positive? CSR told me that it goes by "payment date." Any experience? TIA.

Read the wiki and believe it.

So, anyone can confirm that OV is still working with Evolve?

Worked for me today.

Because most mortgage lenders don't accept partial payments. That is a condition of most mortgage loans. They put it in a suspense account as a courtesy until the full monthly payment amount has been received.

They then credit your account for the monthly payment.

Paid my utility (gas/electric and separately a water) bill today. Was allow to pay today (not scheduled a few days forward) without the [expedite] fee.

(Also used OV)

Has anyone been able to use Simon VGCs for bill pay ITT that can provide some info? I'm getting, "Card entered is not supported for Evolve Money payment. (e718)". I have read the wiki and searched various KWs so please don't hurt me.

Also for Reloadits (found a nearby store): other than the 6 minute rule and scheduling suggestions, are people just using the $950 cards one at a time to pay off each bill? Anything else I should be aware of that? Thanks everyone! I love each and every one of you.

Where can you buy $950 RLs with a credit card? My only source is Safeway, and anything over @$496 needs a managers approval. Pretty sure they would balk at $950 on one RL....

I stick to the RLs with a maximum load of $500, since some of the old $950 cards still say "cash only" on them, and I'd rather not have to check for that each time I pick one up.

I only use RLs for T-Mobile loads, since T-M refunds my purchase fee. I use OVs for Evolve.

Anyway, as for your question, I'm loading $500 OVs to Evolve, and using that to pay various bills like utilities, HOA fees, etc. that otherwise either won't take a cc, or have way too high a fee for using a cc.