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New To Time Banking | How Time Banking Works
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10 Mar 2010 | |
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Time Banks in a nutshell
- Participants list the services they can offer and those that they need
- All agree to both give and receive services
- Everyone is interviewed and provides references
- Every hour giving help earns the giver one credit called a time credit
- Participants ‘buy’ the services and support they need with their time credits: every hour received is one time credit
- The time broker co-ordinator matches up the giver and receiver
- Every transaction is recorded on a computer using a software package called Timekeeper
- Participants receive a regular time bank statement
- One hour is one credit regardless of the skills one offers
- Participants can donate credits to other participants or the ‘time bank pool’
- Everyone is seen as special with a contribution to make
- All activities maintain set standards of care, including insurance and a code of ethics.
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