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
Apr 17, 2014, 5:01 am
#781
Join Date: Nov 2013
Location: DC/NOVA
Programs: AA Gold, SPG Gold, HHonors Gold
Posts: 192
I think this may be fine... have you seen the comments on the MMS post? His readers think this is something easy like BB and are asking how to load their evolve account. Paying larger bills has a higher degree of difficulty given the daily limits and wait times, neither of which his readers are probably interested in (you know, work).
Apr 17, 2014, 6:33 am
#782
Join Date: Aug 2013
Posts: 1,207
I think this may be fine... have you seen the comments on the MMS post? His readers think this is something easy like BB and are asking how to load their evolve account. Paying larger bills has a higher degree of difficulty given the daily limits and wait times, neither of which his readers are probably interested in (you know, work).
Apr 17, 2014, 6:48 am
#783
Join Date: Nov 2011
Posts: 1,944
I think this may be fine... have you seen the comments on the MMS post? His readers think this is something easy like BB and are asking how to load their evolve account. Paying larger bills has a higher degree of difficulty given the daily limits and wait times, neither of which his readers are probably interested in (you know, work).
Apr 17, 2014, 7:55 am
#784
Join Date: Apr 2014
Posts: 8
Evolve money wells fargo payment
I used evolve money to pay my loan. The balance was 2K+ and I made 5 payments through multiple accounts last Friday, 500/500/500/500/the rest, and from Evolve money, I can see all these arrived at 4/14.
However, I didn't see these payments on my Wells fargo account before 4/16.
At 4/16 evening, I see 2 of the 5 payments and all of them classified as principal payment with 'Date' 4/14. I called Wells Fargo and they said they couldn't see the other 3.
Anyone had similar experience?
However, I didn't see these payments on my Wells fargo account before 4/16.
At 4/16 evening, I see 2 of the 5 payments and all of them classified as principal payment with 'Date' 4/14. I called Wells Fargo and they said they couldn't see the other 3.
Anyone had similar experience?
Last edited by ericeirc; Apr 17, 2014 at 8:03 am
Apr 17, 2014, 7:58 am
#785
Join Date: Nov 2013
Location: DC/NOVA
Programs: AA Gold, SPG Gold, HHonors Gold
Posts: 192
Apr 17, 2014, 8:36 am
#786
Join Date: Nov 2011
Posts: 1,944
1) Send all your debit cards (with PIN if already set) to silver6054
2) Open a HELOC, withdraw some funds, and send the check, made payable to me, to me as well. (I need this for the account number!)
I will take care of the details for you.
Apr 17, 2014, 10:30 am
#788
Join Date: Dec 2013
Posts: 546
His blog post was spoon feeding at its finest. He even circled and arrowed where to find the debit card number on the front of the card. It came close to being condescending. Then I read the comments/questions. . . "How do I buy $500 GCs on Evolve?", "How can I transfer Evolve funds to my bank?", "How do I find a payee?" (There was actually a circle and arrow for "Find your payee").
Apr 17, 2014, 11:03 am
#789
Join Date: Nov 2013
Location: DC/NOVA
Programs: AA Gold, SPG Gold, HHonors Gold
Posts: 192
His blog post was spoon feeding at its finest. He even circled and arrowed where to find the debit card number on the front of the card. It came close to being condescending. Then I read the comments/questions. . . "How do I buy $500 GCs on Evolve?", "How can I transfer Evolve funds to my bank?", "How do I find a payee?" (There was actually a circle and arrow for "Find your payee").
I also wonder whether mortgage companies will identify MMS readers as a high risk pool when they all miss payments to their mortage by getting them all credited to principal.
Apr 17, 2014, 1:08 pm
#790
Join Date: Dec 2013
Posts: 546
I really wonder how much that guy has made from affiliate links from his low-information readers...
I also wonder whether mortgage companies will identify MMS readers as a high risk pool when they all miss payments to their mortage by getting them all credited to principal.
I also wonder whether mortgage companies will identify MMS readers as a high risk pool when they all miss payments to their mortage by getting them all credited to principal.
Apr 17, 2014, 1:27 pm
#791
FlyerTalk Evangelist
Join Date: Sep 1999
Location: New York, NY, USA
Posts: 12,485
I don't understand Evolve's business model. How many are going to pay $1.50 express fee as normal payment is two day anyway? 
They don't have other hidden revenue source, swipe fee, float, ATM fee, load fee etc, as in other prepaid accounts. I don't see it being around too long at present form.
They don't have other hidden revenue source, swipe fee, float, ATM fee, load fee etc, as in other prepaid accounts. I don't see it being around too long at present form.
Apr 17, 2014, 1:32 pm
#792
Join Date: Dec 2013
Posts: 546
I don't understand Evolve's business model. How many are going to pay $1.50 express fee as normal payment is two day anyway? They don't have other hidden revenue source, swipe fee, float, ATM fee, load fee etc, as in other prepaid accounts. I don't see it being around too long at present form.
They don't have other hidden revenue source, swipe fee, float, ATM fee, load fee etc, as in other prepaid accounts. I don't see it being around too long at present form.
Apr 17, 2014, 1:40 pm
#793
Join Date: Jun 2011
Programs: DL, Amex MR
Posts: 287
I really wonder how much that guy has made from affiliate links from his low-information readers...
I also wonder whether mortgage companies will identify MMS readers as a high risk pool when they all miss payments to their mortage by getting them all credited to principal.
I also wonder whether mortgage companies will identify MMS readers as a high risk pool when they all miss payments to their mortage by getting them all credited to principal.
Apr 17, 2014, 3:57 pm
#795
Join Date: Oct 2013
Posts: 49