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
Mar 8, 2014, 6:36 pm
#511
Join Date: Jun 2004
Programs: AA Gold
Posts: 190
Agreed. When you're buying thousands in gift cards every month it's easy to become nonchalant about them. This was a good reminder to be careful.
Well I'm happy to report after talking to Evolve today they were able to cancel the $950 refund to my thrown out gift cards and were able to apply a credit to my evolve account. I just checked online and indeed it shows $950 in credit there. It will be applied to future bills. So it is not lost. I'm very happy that they were able to make this right and I can go back to using their service for lots of bills without any reservation. ^
Well I'm happy to report after talking to Evolve today they were able to cancel the $950 refund to my thrown out gift cards and were able to apply a credit to my evolve account. I just checked online and indeed it shows $950 in credit there. It will be applied to future bills. So it is not lost. I'm very happy that they were able to make this right and I can go back to using their service for lots of bills without any reservation. ^
We did not get any updates on the person who got his $4,500 VR/GCs stolen, wish him the best as well.
Mar 8, 2014, 8:09 pm
#512
Join Date: Oct 2012
Posts: 970
Rubber band that has purchase and cashout receipts with spent gcs/VRs is easiest. Put in ziplock baggie every month and into box to store everything. Put last four digits of prepaid account you are loading, along with date with Sharpie on VRs.
I measure gc/VR volume by the pound. Roughly $35K per lb.
Mar 8, 2014, 9:30 pm
#513
Join Date: Feb 2014
Posts: 34
Unworkable in any volume - for pikers only.
Rubber band that has purchase and cashout receipts with spent gcs/VRs is easiest. Put in ziplock baggie every month and into box to store everything. Put last four digits of prepaid account you are loading, along with date with Sharpie on VRs.
I measure gc/VR volume by the pound. Roughly $35K per lb.
Rubber band that has purchase and cashout receipts with spent gcs/VRs is easiest. Put in ziplock baggie every month and into box to store everything. Put last four digits of prepaid account you are loading, along with date with Sharpie on VRs.
I measure gc/VR volume by the pound. Roughly $35K per lb.
Good info! Not too many beans work out to that price per pound!^
Mar 9, 2014, 7:52 am
#515
Join Date: Mar 2014
Posts: 19
Welcome to FT, coinwhomper!
I take a photo of my new GCs, front and back, in case they are lost or stolen. You can get 10 or more cards per photo.
When a card is zeroed out, I clip off a small bit of the corner (not disturbing the magnetic strip or bar code). That way I can tell that the card is all used up, but if need be (funds refunded to card, etc.) could use it at a store again.
I take a photo of my new GCs, front and back, in case they are lost or stolen. You can get 10 or more cards per photo.
When a card is zeroed out, I clip off a small bit of the corner (not disturbing the magnetic strip or bar code). That way I can tell that the card is all used up, but if need be (funds refunded to card, etc.) could use it at a store again.
Rubber bands... cardboard box.
I carry a Sharpie with me when using them, and mark them all zeroed out.
Bundled up with their purchase receipt and banded together in huge piles.
I also throw a sticky label on each card that's loaded to the more problematic online resources (i.e. MVD 1,2,3), since they were reputed to require original card and receipts to release funds.
I carry a Sharpie with me when using them, and mark them all zeroed out.
Bundled up with their purchase receipt and banded together in huge piles.
I also throw a sticky label on each card that's loaded to the more problematic online resources (i.e. MVD 1,2,3), since they were reputed to require original card and receipts to release funds.
I'm implementing this technique too. I use empty envelopes that I label on the front the month and year, and will box that all somewhere. Also using sharpie to put date and last 4 acct numbers loaded on gc.
Mar 9, 2014, 10:39 am
#516
Join Date: Feb 2014
Posts: 2
Ira or Roth Ira, has anyone made contributions to their Ira accounts with Evolve?
Perhaps with one of the Banks or Credit Unions in the list. I see Foliofn listed, but this is more of trading platform with too high fees for Ira thats not trading.
Perhaps with one of the Banks or Credit Unions in the list. I see Foliofn listed, but this is more of trading platform with too high fees for Ira thats not trading.
Mar 10, 2014, 8:22 pm
#517
Join Date: Mar 2010
Posts: 41
So I've tried reading and searching this thread. This is only for debit cards correct? I can't use my American Express credit card? Also, has anyone tried American Express gift cards? Thank you kindly. I apologize if it has been covered already.
Mar 10, 2014, 8:29 pm
#518
Join Date: Mar 2013
Location: PHL based
Programs: USAir, UA, AA, BA, Hyatt, HHonors, SPG, Marriott, IHG
Posts: 356
Debit Card only, Axp unwelcome here, unfortunately.
Mar 10, 2014, 8:45 pm
#519
Join Date: Dec 2009
Location: DEN
Posts: 502
Remember, even if American Express gift cards or prepaid card have a PIN there are still processed as credit cards. (Eg. you can't perform a debit transaction or get cash back/cash over at the grocery store)
Mar 12, 2014, 7:14 am
#522
Join Date: Aug 2010
Location: CLT
Programs: AA, UA, BA, Hilton Diamond, Marriott Gold, IHG Platinum
Posts: 2,074
Evolve is great. I am able to pay multiple real estate loans and most of my other bills that cannot be billed to CCs without fees. I did use several GCs but have decided to just use ST DL debit and bank the miles. Much less likely for AA. Guys, don't get overzealous and blow this one.
Mar 12, 2014, 7:49 am
#523
Join Date: Aug 2009
Location: RDU
Programs: A few
Posts: 5,499
Yes
Mar 12, 2014, 10:17 am
#524
Join Date: Jun 2011
Location: Around The World
Programs: ALL :)
Posts: 384
Unworkable in any volume - for pikers only.
Rubber band that has purchase and cashout receipts with spent gcs/VRs is easiest. Put in ziplock baggie every month and into box to store everything. Put last four digits of prepaid account you are loading, along with date with Sharpie on VRs.
I measure gc/VR volume by the pound. Roughly $35K per lb.
Rubber band that has purchase and cashout receipts with spent gcs/VRs is easiest. Put in ziplock baggie every month and into box to store everything. Put last four digits of prepaid account you are loading, along with date with Sharpie on VRs.
I measure gc/VR volume by the pound. Roughly $35K per lb.
My attic is getting mighty heavy.