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 24, 2014, 6:49 pm
#876
Join Date: Apr 2014
Posts: 2
I had success last month, but I sent all payments on one day (Saturday) through multiple accounts and made sure it tied to the penny. Took them a few days to apply it after receiving it, but it did ultimately get processed as my payment
Apr 24, 2014, 7:22 pm
#877
Join Date: Dec 2013
Posts: 38
Apr 24, 2014, 8:13 pm
#878
Join Date: Jan 2009
Location: Texas
Programs: AA, USAir
Posts: 228
Apr 24, 2014, 8:34 pm
#879
FlyerTalk Evangelist
Join Date: Jul 2006
Location: Upper Sternistan
Posts: 10,040
One a day for fourteen days starting 5/1 seems like the obvious choice to me.
Apr 24, 2014, 11:06 pm
#884
Join Date: Dec 2013
Location: California
Posts: 264
loan payoff with Evolve
I was paying off a car loan using several debit cards through Evolve. When the loan balance was $316, I made three payments, $200, $100 and on the next day, $16. But the $16 payment was returned. Maybe the final payoff payment isn't allowed to be done through Evolve?
However, the Infiniti Financial Services website now shows the account as closed, with the previous $100 payment listed as a Payoff Payment and showing the previous balance as $100, with no mention of the remaining $16 (this was a 0% loan, so it shouldn't be related to interest). Is it normal for lenders to credit you small balances? (some credit cards give you credits for small balances like $1.99, but I wasn't expecting that for a car loan, and for an amount like $16; I wonder what would've happened if the amount was a bit higher like $25 or $99).
(Or this is a glitch that they'll fix by repossessing my car...)
However, the Infiniti Financial Services website now shows the account as closed, with the previous $100 payment listed as a Payoff Payment and showing the previous balance as $100, with no mention of the remaining $16 (this was a 0% loan, so it shouldn't be related to interest). Is it normal for lenders to credit you small balances? (some credit cards give you credits for small balances like $1.99, but I wasn't expecting that for a car loan, and for an amount like $16; I wonder what would've happened if the amount was a bit higher like $25 or $99).
(Or this is a glitch that they'll fix by repossessing my car...)
Apr 24, 2014, 11:06 pm
#885
Join Date: May 2013
Posts: 939
BoA spazzes out initially when tey get multiple payments. Applying it every which way but the right way. Luckily a simple phone call resolves everything. CS is able to apply payments anywhich way you wish.
I read a few pages back where someone was able to submit payments from multple Evolve accounts over the weekend somthey were all credited at te exact same time when the banks opened back up for business Mon/Tues. The payments (which totalled) the amount due credited as a regualr mmonthly payment without incident. That wasnt BoA of course nor is there anyway of knowing if someone didnt manually fix it on the back end either. But tat was the report so take it for what its worth to ya.