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

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  • 9 years ago
    Favorite Answer

    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.

    • Rambo3 years agoReport

      I had something similar, "PROG AMERICAN BRANCH02DEBIT ACH - INS PREM" It turned out to be my son's automobile insurance. Progressive Insurance did an ACH Withdrawal from my checking account that I had set up on their website.

  • Anonymous
    9 years ago

    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.

  • carson
    Lv 4
    3 years ago

    Prog County Mut Ins Prem

  • 9 years ago

    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.

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  • yousef
    Lv 4
    3 years ago

    Prog Direct Ins

  • 4 years ago

    This Site Might Help You.

    RE:

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

    Source(s): bank statement quot ach prog advanced ins prem nsf fee quot: https://biturl.im/WRMPy
  • Sigrid
    Lv 4
    4 years ago

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

  • 4 years ago

    Progressive Insurance

  • 3 years ago

    That is Progressive car insurance

  • 4 years ago

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

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