ABSTRACT
This chapter focuses on Time Banks. The Time Banking model has been the most popular at the end of the 2000's and is arguably the most successful form of community currency in the United States. While Time Banking has been in existence since the 1980's in the United States, most of the participants in people's national survey are from relatively new Time Banks. The Time Bank rents gallery space for Time Dollars from organizational members for the event. In contrast, there are Time Banks whose memberships are limited to residents of city neighborhoods served by social service or community development agencies. Time Banks have some major advantages over Local Exchange Trading Schemes (LETS) and Hours: the services exchanged are tax-exempt, many have paid administrators, and many are embedded in existing organizations. The next form of Time Banks is housed in existing organizations, but has open membership; any community member can join.
