In Web TimeSheet the the banked time is banked into the Time Off in lieu Timeoff type.
If the Users want to bank their over time hours instead of getting paid then they can deposit their hours. The deposited hours are banked in Time Off in lieu?. 
Users can book timeoff against TimeOff in Lieu like any other timeoff type, and use the accumulated banked hours.

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What is Banked Hours?

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