Favabank is all about helping each other, please be friendly and join in with the community spirit. With Favabank you are creating value and trust in your community through acts of mutual generosity.
Don't Take it Too Seriously
The idea is to trade favours with each other while having fun and meeting new people in your neighbourhood. You are trading favours for mutual benefit, rather than offering professional services, so please don't get too uppity if the skills offered by a neighbour aren't quite as good as you'd expect from a professional - it's all about mucking in and giving it a go.
Reciprocating Your Gifts
There is no obligation to reciprocate the favours you have received although you may find that people are more likely to help you if they can see that you've given favours in fair proportion to the favours received.
If for any reason you are unable to reciprocate, perhaps through disability or personal circumstances, then it might be worth saying so on your profile to encourage positive responses from other members.
How Much to Ask For, or Offer?
The Favabank unit of currency is a Fava, and the aim is for 1 Fava to be considered equal to £1 Sterling. When exchanging items we would recommend asking / offering the perceived value of that item (e.g. second hand price) in Favas, so instead of selling a used chair for £30 you ask for 30 Favas.
When the exchange involves someone's time or skills, we suggest that 1 hour should be charged at around 10 Favas. If the the work involved is particularly demanding or requires a degree of professional knowledge then we would suggest up to 20 - 25 Favas. These are just recommendations and consenting members a free to trade with each other on whatever terms suit their individual preferences.
Recovering Your Costs
If you are likely to incur some costs in the process of providing a favour please mention this in personal messages if you intend to recover your costs from the favour recipient.
Use of Your Account and Passwords
Please do not allow others to gain access to your Favabank account. Please choose a password that only you will know and keep it secure.
You may choose to only add people who you know or with whom you are exchanging favours. You can also vouch for their authenticity if you know them personally and would happily recommend their trustworthiness to others. Your full address and contact details will shown to friends according to your privacy settings.
Safe Bartering & Disputes
Favabank advises the same common sense care and precautions you would take using any web site where you are dealing with people you don't know personally. Please follow the guidelines below:
Favabank Code of Conduct
All Favabank members must abide by the Favabank Code of Conduct in which they declare their honourable intentions and good will during their entire participation within Favabank. Any member who overtly breaks the code of conduct may have their membership rescinded.
Favabank Code of Conduct
Please abide by the Favabank Code of Conduct in all activity on the Favabank wesbsite. Please also review the Favabank User Agreement for our full terms and conditions.
Please be friendly and neighbourly in all of your interactions on Favabank
Be Honest and Authentic
For the benefit of the community, please provide genuine profile information and accurate information information in your online interactions.
- Be repsectful of others, their time and their privacy
- Please refrain from any form of abuse, bullying or otherwise unpleasant behaviour when using Favabank. Such behaviour may result in the suspension / termination of your account.
- If you have a disagreement, please try to resolve this as amicably as possible between yourselves.
Keep Within the Law
Please don't use Favabank to break any laws...
Favabank assumes that most people are well intentioned and decent. There are however some people who may try to use this website to scam others. Be sensible when meeting strangers, ensuring that the other person has a good bartering reputation (e.g. They have received positive feedback and other people have vouched for their authenticity). Do not give other people any sensitive information such as bank details and passwords.
Some safety tips:
- Check people's profiles before agreeing to a trade - have they had good feedback? How many people have vouched for their authenticity?
- Use the Favabank privacy settings to control who sees your contact details
- Trade locally, & let a 3rd party know where you are if you are meeting a stranger
- Don't give out any personal financial information (bank account details, credit card numbers, login details to this or other websites, etc.)
- Report any abuses or suspicious activity to Favabank
- Invite your friends and vouch for their authenticity to give others the confidence to trade with them.
Dealing with Disputes
In the first instance we advise that members try to resolve any disputes between themselves. Favabank does not currently provide a formal mediation service between disputing parties, however it can act as the final arbiter if issues are not self resolving. Perhaps in the future, with the consent of the membership, Favabank could provide a dispute resolution / moderation service via volunteers from the membership. Volunteers could be paid in 'Favas', perhaps funded through demurrage or a levy on account balances.