What is a 'Time Credit'?

ONE HOUR OF SERVICE EQUALS - ONE HOUR TIME CREDIT!

Through timebanking everyone's time is valued equally. For every hour you spend doing something for someone else in your community, you earn one time credit to spend on having someone do something for you. It is that simple, yet time banking has profound effects.

You can trade even when you do not have credits. In fact, for the system to work properly most traders will move in and out of credit and debit frequently.

The IRD considers trading in your main income earning activity as taxable

Timebanking is a concept and system of complimentary currency which originated in the US in 1995 through the work of Edgar S. Cahn. If you desire to know more about how timebanking is transforming the lives of people all around the world, we recommend reading Edgar's book, 'No More Throw Away People, Co-Production as An Imperative.'