As timebank members, people help each other by sharing their time, talents and skills. For every hour you spend helping another member, you earn a time credit which can be redeemed later for services.
Timebanking is a time-based currency. Give one hour of service to another and receive one time credit. One can use the credits to receive services.
An hour of service is always one time credit regardless of the nature of the service performed.
“Equal Time, Equal Value”: An hour of one person’s time is directly equivalent to another person’s hour.