Time bank

A time bank is a co-operative arrangement between people in a community which enables them to exchange skills and experience. It’s like a local market, but instead of trading goods, members can use it to trade time.

The currency used in a time bank is hours and, in a time bank, everyone’s time is valued at the same rate. When you spend an hour helping another member out, you get a one hour time credit. You can spend time credits when you need to, on support from other people. The system is flexible and safe and you can chip in when you want and be valued for the contribution you make.

The first time bank in Kingston has been set up at Refugee Action in Kingston for refugees and asylum seekers. To find out more about time banks in Kingston, contact the Equalities and Community Engagement Team.