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News - News Releases 2019

24/12/2019

Cheque clearing arrangements over festive season

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 as indicated hereunder:

  •  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 December 2019, Saturday 28th December 2019 and Monday 30th December 2019, funds can be made available by the latest Friday 3rd January 2020;
  • For cheques deposited on Tuesday 31st December 2019, funds can be made available by the latest Monday 6th January 2020.

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

Funds from cheques presented at the issuing bank will be made available to the beneficiary on the same day  as per standard terms and conditions of the issuing bank.  For more guidance the general public is advised to contact the customer information service of the respective bank.

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