Central Bank announces BOV cheque clearance process for coming days

Tista' taqra bil- Malti.

The Malta Clearing House notifies the general public that following the closure of Bank of Valletta on 30th and 31st December 2019, for cheques presented over the end of year at all the institutions who need to present the cheques for clearing, that there could be a delay in the clearing process. 

In a statement issued by the Central Bank, the Malta Clearing House said that for cheques deposited on Tuesday 24th December 2019, funds can be made available by the latest Thursday 2nd January 2020. 

For cheques deposited on Friday 27th, Saturday 28th December and Monday 30th funds can be made available by the latest Friday 3rd January 2020. 

Funds for cheques deposited on Tuesday 31st December 2019 will be made available by the latest Monday 6thJanuary 2020.

Meanwhile, clearing of cheques as from Thursday 2nd January 2020 will adopt the normal 3 working day cycle.