Good evening everyone, a new week, a new Evolve Money enhancement. Beginning next week (not sure exactly what date that means), gift cards and debit cards from smaller banks (what is considered a small bank?) will be hit with a 3% bill pay fee.
This is really bad news and begs the question, is Evolve Money dead? I am 99% sure I know what the results of the poll will be, but let’s see. I kinda like answer C, but I wouldn’t bet money on that actually happening.
If you have any questions, please leave a comment below. Have a great evening everyone.
This move has effectively ended any reason to use Evolve over any other platform/channel. At first it was the 4 transactions per payee per month, then the no mortgages nor car loans, and then this nail in the coffin. Good riddance.
Exactly, it has been a slippery slope down to the bottom with Evolve Money.
So much for the CEO touting their sustainable model…
Sustainable… how?
http://freequentflyerbook.com/blog/2014/2/8/interview-with-alex-at-evolve-money
Thanks for the link, I just spent 20+ minutes reading it, but I thought it was from last week, not last year (February 08, 2014). Sounds like a lot has changed since that original interview took place.
If there had been a selection for “it was already dead when they limited you to one payment per payee per month” I would have picked that.
nailed it
2 votes for option D, I like it!
Oh, I see. I should have had option D: Evolve Money was already dead, even before this latest change.
definitely dead
We are all thinking/saying that. It was just a matter of time.
I’ve been paying my power bills and such with Evolve using drug store-bought 5% rebate gift cards. I figure it saves me about $15/month, which is worth it given the relative simplicity. My power company won’t take anything else other than checks or electronic bank transfers, so this is found money.
I do have one of those Suntrust Delta debit cards. Less lucrative than using the 5% gift cards, but better than getting nothing. It would seem like this will still be fee-free at Evolve, right? I assume there’s no other bill pay service — or other option — that would be better?
You never know with Evolve. They may charge a fee to pay all bills in the future, who knows. You could try using Bluebird/Serve/Redbird for bill pay.
Bluebird is a good idea. I tried once before and the website rejected it. That time, I entered a 5 digit zip code for the power company. This time, I first tried the 5-digit zip code and it was rejected again. Then I found their 9 digit zip code. Success! Weird, but I’ll try making the payment next month. I can load a 5x gift card to Bluebird, so it’s better than using my Suntrust Delta card.
I’m glad you were able to get the bill payment to go through properly using the nine digit ZIP Code.
I project Evolve Money to be another Plink.
Evald Money is headed that direction, I’ll give it a few more months.
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