Time Banking Time Units

NB: The following information only applies to time banks. If you are setting up a community exchange you can ignore this.

Most time banks use 1 hour as their unit of account/value. Choose one of the other options if you want to use a smaller unit. If you want to use a number of units per hour (e.g. 10 units/hour) then select the appropriate time unit (e.g. 6 Minutes).

If you want to use a number of units for a smaller time unit (e.g. 10 units/half hour) or some other configuration not provided in the selection list, indicate this in the Motivation field of the registration form and it will be set up in the way that you require.

Time Unit Equivalent to Comment
1 Hour 1 unit/hour Standard time banking unit
1 Minute 60 units/hour Common time banking unit; provides more accuracy and avoids using decimal point (e.g. 45 minutes instead of 0.75 hours)
3 Minutes 20 units/hour Commonly used in time banking
5 Minutes 12 units/hour  
6 Minutes 10 units/hour Commonly used in time banking
10 Minutes 6 units/hour  
15 Minutes 4 units/hour  
20 Minutes 3 units/hour  
30 Minutes 2 units/hour