National Pay Back A Friend Day
Gallery
Where is National Pay Back A Friend Day observed?
National Pay Back A Friend Day is 0bserved all over the United States of America.
Who observes National Pay Back A Friend Day?
Everyone who has borrowed money from a friend or family and wishes to pay them back, or at least apologizes for not paying them back so far and properly communicating with them the exact date by which you can pay them back, can observe this day.
When did National Pay Back A Friend Day first start?
National Pay Back A Friend Day was believed to have first started on October 17, 2017.
Who started National Pay Back A Friend Day?
National Pay Back A Friend Day was started by the Bank of America after an in-depth study on lending money to friends and the animosity caused between them because of it.
History And Timeline
The research conducted by the Bank of America was called the 'Friends Again' report. The key findings of the research revealed that money was one of the main factors that led to disturbances in friendships.
It also revealed that mobile payment apps ease and seem to help reduce the animosity between friends as the payments were not made in person, and there always would be a record of the payment.
First Mobile Payment
The world's first mobile banking service was launched by Merita bank from Finland in 1997.
1997Origin Of Paypal
One of the most popular mobile payment apps, Paypal, started in 1998 was then called Confinity.
1998Online Movie Tickets
Ericsson and Telenor made mobiles that could now be used to book movie tickets online.
1999Modern Payment Apps
In 2014, Apple Pay was started and was soon followed by Samsung Pay and other Android device payment apps.
2014 onwardsOnline Payments
All big banks started offering the service to transfer money through a mobile app.
21st CenturyTraditions And Customs
We lend money to friends and family based on trust. A trust that they will pay your money back in time.
When this does not happen, it can lead to animosity between friends, which is definitely heartbreaking. National Pay Back A Friend Day can be seen as an opportunity to mend broken friendships. Just sitting down and apologizing for not paying back in time can go a long way indeed.
Ways To Observe National Pay Back A Friend Day
You can observe National Pay Back A Friend Day in many ways. You could start a conversation with a friend who may now be distant because of not paying back the money you owe them.
Use this day for settling debts, to apologize, or at least to tell them when you will be able to give them back the money and get rid of bad feelings.
It is a day to communicate and clear any misunderstandings, explaining why you haven't been able to pay them back and how it wasn't your intention to leave them hanging for so long. Tell them what their friendship means to you and that you wouldn't let money come between that.
If you do not owe anyone money, it can be the perfect opportunity to plan your finances.
Facts And Stats
- The Bank of America proclaimed October 17 as National Pay Back a Friend Day in 2017 to start a movement that could mend broken friendships.
- On this national day, people can overlook all hard feelings from the past, pay back the money they owe to their friends. It is an excellent opportunity to adopt a financial management plan to help you track money.
- National Pay Back a Friend Day is also the day for you to start making smart investment plans so that you can pay back your friend. An average of $2092 was the cause that ended beautiful friendships leaving behind bittersweet memories.
What precautions do we need to take while celebrating National Pay Back A Friend Day?
While celebrating Pay Back Friend Day, it is important only to make promises that you can fulfill. It is not appropriate to make amends with a friend and agree to pay back the money only not to do so again. Also, it is important to be cautious and patient while making online or mobile payments.
What is the significance of National Pay Back A Friend Day?
The significance of National Pay Back A Friend Day arises from the fact that more than money, it is about relationships, communication, and making amends. It is an opportunity to fix the animosity between friends and repay loans that you were supposed to earlier.
What are the advantages of National Pay Back A Friend Day?
National Pay Back A Friend Day is the perfect occasion to mend broken friendships due to unpaid loans. It is the day to communicate, make amends, and restore friendships to their former state.
Who discovered National Pay Back A Friend Day?
National Pay Back A Friend Day was started by the Bank of America based on its 'Friends Again' report.
When Is This Day Celebrated
- Saturday, October 17, 2020
- Sunday, October 17, 2021
- Monday, October 17, 2022
- Tuesday, October 17, 2023
- Thursday, October 17, 2024
We Want Your Photos!
More for You
See All
Bachelor of Commerce, Master of Business Administration specializing in Marketing
Supriya JainBachelor of Commerce, Master of Business Administration specializing in Marketing
As a skilled member of the Kidadl team, Shruti brings extensive experience and expertise in professional content writing. With a Bachelor's degree in Commerce from Punjab University and an MBA in Business Administration from IMT Nagpur, Shruti has worked in diverse roles such as sales intern, content writer, executive trainee, and business development consultant. Her exceptional writing skills cover a wide range of areas, including SOP, SEO, B2B/B2C, and academic content.
Master of Arts specializing in History
Sudeshna NagMaster of Arts specializing in History
Having earned a Master's degree in History from the Presidency University in Kolkata, Sudeshna was able to refine these skills and broaden her knowledge base. Not only is she an accomplished fact-checker, but she is also deeply invested in gender research, societal interactions, and mental health. Her professional repertoire also includes experience in translation between Bengali and English content
Disclaimer
1) Kidadl is independent and to make our service free to you the reader we are supported by advertising. We hope you love our recommendations for products and services! What we suggest is selected independently by the Kidadl team. If you purchase using the Buy Now button we may earn a small commission. This does not influence our choices. Prices are correct and items are available at the time the article was published but we cannot guarantee that on the time of reading. Please note that Kidadl is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon. We also link to other websites, but are not responsible for their content.
2) At Kidadl, we strive to recommend the very best activities and events. We will always aim to give you accurate information at the date of publication - however, information does change, so it’s important you do your own research, double-check and make the decision that is right for your family. We recognise that not all activities and ideas are appropriate for all children and families or in all circumstances. Our recommended activities are based on age but these are a guide. We recommend that these ideas are used as inspiration, that ideas are undertaken with appropriate adult supervision, and that each adult uses their own discretion and knowledge of their children to consider the safety and suitability. Kidadl cannot accept liability for the execution of these ideas, and parental supervision is advised at all times, as safety is paramount. Anyone using the information provided by Kidadl does so at their own risk and we can not accept liability if things go wrong.
3) Because we are an educational resource, we have quotes and facts about a range of historical and modern figures. We do not endorse the actions of or rhetoric of all the people included in these collections, but we think they are important for growing minds to learn about under the guidance of parents or guardians.
