A system and method that provides an enhancement to an overdraft protection program at a financial institution. The debt protection of the program is funded by the financial institution rather than by a consumer/user of the financial account at the financial institution. Under the debt protection program, if the consumer dies, becomes disabled, or becomes involuntarily unemployed and such facts are established to a reasonable degree, the debt protection program will automatically repay the overdraft in full including cost and fees up to a predetermined maximum amount. The payment can occur in a single payment or over a period of time, for example monthly, until the predetermined maximum amount is reached.