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Anonymous

Nov 05, 2024

What does this mean? Saw it on my bank statement. “ACH – PROG ADVANCED INS PREM NSF FEE”?

I came across a charge on my bank statement that reads: “ACH – PROG ADVANCED INS PREM NSF FEE.” Can someone help me understand what this means?

10 Answers

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Anonymous

Dec 25, 2024

ACH – Automated Clearing House (direct debit)

PROG ADVANCED – Don’t know

INS PREM – Insurance Premium

NSF FEE – Nonsufficient funds fee

It means that your insurance company tried to take the money for your insurance premiums out of your bank account, but your bank account did not have enough money to cover your insurance premiums, so:

1. You were charged a fee by your bank.

2. You lost your insurance.

A
Anonymous

Feb 03, 2025

NSF = insufficient funds.

INS PREM is probably insurance premium.

ACH = electronic transfer.

So, it appears, you set up automatic payments with your bank account and then didn’t have enough in the account. Your bank will charge fees for bouncing the payment; the insurance company can have fees as well.

You don’t have any money in your account and you made a purchase and they charged you a fee.

I’m sorry 🙁

Something else i thought about was that even though they charged you a fee most banks now pay for the item then collect the money from you afterwards. So make sure that you know if it was declined for payment or already paid. It will be good if the bank has already paid it because sometimes if it is declined you will be charged a fee at the other end too. Just thought you’d want to know.

A
Anonymous

Dec 20, 2024

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RE:

What does this mean? Saw it on my bank statement. "ACH – PROG ADVANCED INS PREM NSF FEE"?

A
Anonymous

Jan 29, 2025

Fagan vs Rio’s elbow Reality check vs Spurs Creditors vs Pompey, Liverpool, Man Utd

A
Anonymous

Feb 20, 2025

From other sources on the web citations this may be fraudulent.

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