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
Jun 5, 2014, 8:00 am
#1306
Join Date: Sep 2012
Posts: 4,431
Anyone able to verify this?
http://www.reddit.com/r/churning/com...out_bb/chylytp
Ok I told myself I wouldn't post my super secret method in public... but I am feeling generous.
Simply contact Evolve and ask them to set you up as a payable bill. You can now use your card to send yourself payments! If Evolve insists they can't do this, just ask to speak to "Eric" the supervisor. He'll hook you up.
Edit: I have received numerous threats from users that don't want this ruined. I refuse to take this down, the world deserves to have the best MS possible!
http://www.reddit.com/r/churning/com...out_bb/chylytp
Ok I told myself I wouldn't post my super secret method in public... but I am feeling generous.
Simply contact Evolve and ask them to set you up as a payable bill. You can now use your card to send yourself payments! If Evolve insists they can't do this, just ask to speak to "Eric" the supervisor. He'll hook you up.
Edit: I have received numerous threats from users that don't want this ruined. I refuse to take this down, the world deserves to have the best MS possible!
Jun 5, 2014, 8:05 am
#1307
Join Date: May 2011
Programs: US Airways Gold, Marriott Platinum, SW A List
Posts: 1,575
That is the requirement, but others have reported the 1099 being sent by Paypal or AP with less volume. That is just when they are required to send it but they can send it at less or if one of the two is hit.
Jun 5, 2014, 8:07 am
#1308
Join Date: Apr 2014
Posts: 16
Sounds like structuring to me if your going to avoid reporting requirements by posting just below this total. Just a thought. I was told I had to be set up as a business by evolve so not sure if you guys are registered businesses.
Jun 5, 2014, 8:09 am
#1309
Join Date: Aug 2013
Posts: 1,207
worldtravels, Your message is a little vague. Is Wells Fargo limiting you to
- 4 payments of any kind per month (very unlikely), or
- 4 Evolve payments to Wells Fargo per month, or
- 4 Evolve payments per payee per month, or
- 4 total Evolve payments per month of any kind?
Jun 5, 2014, 8:10 am
#1310
Suspended
Join Date: May 2010
Posts: 2,998
Jun 5, 2014, 8:10 am
#1311
Join Date: Feb 2003
Location: Khyber Pakhtunkhwa
Posts: 1,929
Jun 5, 2014, 8:43 am
#1313
Join Date: Sep 2012
Posts: 4,431
Assuming the 4 transaction requirement starting in July is per person PER account, I'd like to create multiple accounts. I have 2 WF mortgages to pay, both under $2K. Right now I'm using $200 gift cards, but I'll probably change to $500 cards. I could then pay both mortgages with 4 or fewer transactions. I've heard of Evolve shutting down accounts (or at least issuing warnings) to people who used multiple Evolve accounts to pay the same payee account. Any reports of shutdowns for multiple Evolve accounts using the same phone number? If so, I can just use my wife's cell phone, I guess.
Jun 5, 2014, 8:45 am
#1314
Join Date: May 2011
Programs: US Airways Gold, Marriott Platinum, SW A List
Posts: 1,575
Assuming the 4 transaction requirement starting in July is per person PER account, I'd like to create multiple accounts. I have 2 WF mortgages to pay, both under $2K. Right now I'm using $200 gift cards, but I'll probably change to $500 cards. I could then pay both mortgages with 4 or fewer transactions. I've heard of Evolve shutting down accounts (or at least issuing warnings) to people who used multiple Evolve accounts to pay the same payee account. Any reports of shutdowns for multiple Evolve accounts using the same phone number? If so, I can just use my wife's cell phone, I guess.
And yes, there have been reports of shutdowns from multiple accounts.
Jun 5, 2014, 9:00 am
#1316
Join Date: Jul 2013
Posts: 1,036
Well considering you don't use your name to register for an Evolve account, what is the difference? They only ask for phone number and email.
Jun 5, 2014, 9:17 am
#1317
Join Date: Oct 2011
Programs: SkyMiles Gold, AA Plat, UA Gold
Posts: 92
It will be interesting to see how the shutdowns go down. I've had one payee account get shutdown but am allowed to continue to make payments to others. This was a legitimate bill that I was paying but the transaction size for May was quite large. But I agree with hamokmonky. So other than AP, WM and MO, other ideas to liquidate VGCs?
Jun 5, 2014, 9:36 am
#1318
Join Date: Oct 2012
Location: DFW
Posts: 478
It will be interesting to see how the shutdowns go down. I've had one payee account get shutdown but am allowed to continue to make payments to others. This was a legitimate bill that I was paying but the transaction size for May was quite large. But I agree with hamokmonky. So other than AP, WM and MO, other ideas to liquidate VGCs?
Jun 5, 2014, 9:46 am
#1319
Join Date: Oct 2013
Programs: Hyatt Globalist No More..., Hyatt Explorist, Hilton Diamond, SPG Platinum, Marriott Platinum
Posts: 4,375
It will be interesting to see how the shutdowns go down. I've had one payee account get shutdown but am allowed to continue to make payments to others. This was a legitimate bill that I was paying but the transaction size for May was quite large. But I agree with hamokmonky. So other than AP, WM and MO, other ideas to liquidate VGCs?
Jun 5, 2014, 9:49 am
#1320
Join Date: Oct 2011
Programs: SkyMiles Gold, AA Plat, UA Gold
Posts: 92