Evolve Money Closing and Suspending Accounts

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Evolve Money Closing and Suspending Accounts

Million Mile SecretsEvolve Money Closing and Suspending AccountsMillion Mile Secrets Team

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Via Frequent Miler and Million Mile Secrets reader GLG, Evolve Money is closing and suspending accounts for frequent use.

Did Evolve Close or Suspend Your Account?
Did Evolve Close or Suspend Your Account?

Evolve Money

Link:   Evolve Money

I wrote about how you can buy PIN-enabled gift cards with a miles-and-points earning credit card and use Evolve Money to pay bills that can’t normally be paid by credit card.  Then Evolve Money evolved and let you use a credit card directly to pay bills!

But now, Evolve Money is starting to close and suspend accounts of folks who have been abusing the program.  Although, a few regular folks have been caught in the net.

Million Mile Secrets reader GLG commented:

Did about 10 payments and got this eMail from Evolve today:
Good afternoon,

This email is to inform you that your account with this biller at Evolve Money has been suspended due to the volume processed, there is now a 4 payment limit on this account per month. We are unable to allow future payments to this account until July 1, 2014.

Please be advised that future attempts to make a payment to this account prior to this date will result in an authorization hold of funds on your attempted payment method. We regret any inconvenience this causes, but hope that you will continue to pay other billers that are available to you through Evolve Money.

New Changes to Evolve Money

To keep your account from being suspended or closed, you should follow the new changes closely.

A.   4 Payments per Month to 1 Biller

You can only make 4 payments to 1 biller account per calendar month.  So each biller account can only receive 4 payments per month.

So if you’re paying your mortgage, you can only send a total of 4 payments to your mortgage company.  And if your partner also has an Evolve Money account, and you’ve made 4 payments to your mortgage company, your spouse can NOT make a payment.

So be sure you don’t exceed a TOTAL of 4 payments to any 1 account.

Frequent Miler says he thinks you can make 4 payments to any 1 account per billing company.  If this is correct, Mrs. McTravelots could make 4 payments to Ford for her F-150 and Mr. McTravelots could make 4 payments to Ford for his Focus.

But if you want to play it safe, stop at 4 payments per month to any 1 company.  This was implemented to prevent abuse, but folks who pay their bills with gift cards could be caught in the account suspensions.  The good news is that Evolve has been removing the suspensions if you can show that the payments were legitimate.

B.   Limits on Gift Cards

You can still use gift cards, but your payments are limited to the amount of the gift card.

You can no longer pay a large bill with 1 payment using multiple gift cards.  So if you have a bill for $675 and use two $500 Visa gift cards, that will count as 2 payments against your 4 limit total payments to any 1 account.

So if you have large payments to make, you should buy larger denomination gift cards.  You can buy gift cards from lots of places including, CVS, office supply stores, Simon Malls, and online.

You Can Still Buy Vanilla Visa Gift Cards At CVS
Variable Load Vanilla Visas Allow You to Load up to $500

C.   Payments can’t exceed $999

You can only make payments of $999 each.

Bottom Line

Evolve Money is closing and suspending accounts for abuse and has put restrictions in place to prevent abuse.

You can prevent your Evolve Money account from being closed or suspended, if you don’t abuse Evolve!  You’re limited to 4 payments to 1 account a month.

You can only make payments in the amount of the gift card.  Each payment can’t exceed $999.

How has your experience with Evolve Money been so far?

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Could you please send me a refund on the fund I sent yesterday the receipt number is 302107

I went to make payment #3 of my mortgage payment today and it gave an error. Upon reading the help menu, it confirms the message above…”payments are limited to one biller one time a month when using a card. There are no limits for cash.”

Oh well, another one bites the dust…

Million Mile Secrets

@leslie – Try Amazon payments which is fee free for the 1st $1K a month.

Just received this message from Evolve today. Looks like they’re taking the maximum number from 4 payments down to only 1.

Dear Evolve Money Customer,

Due to changes in our risk and regulatory compliance policies, Evolve Money will be implementing a limit of one payment per biller account per month. This change takes effect September 1, 2014. There are no limits on the number of cash payments made with a Reloadit pack or Evolve Pay Bucks.

We realize that some of our users have taken advantage of the multiple payments per month to pay off larger expenses such as mortgages. We are currently working on ways to improve the bill paying experience for you and expect to announce details soon.

Hi, I am hoping to use Evolve money to pay my property tax. My tax bill is 8k. I can only pay max 2K each month with the visa gift cards. That means it will take 4 months to pay the bill. I just called the county, but they don’t accept partial payments. Do you have any other idea as to how this can be done?

what would you suggest for paying individuals? for example, i make a monthly payment to my unlce appx $1300, evolve doesnt allow this type of payment does it?

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