When your business experiences a negative cash operating cycle, the need of short-term financing would become indispensable to bridge the gap in your business cash flow. This is the purpose of the overdraft facility where you are allowed to overdraw your current account up to a pre-determined debit limit applied for and approved by the Bank. The short-term facility normally granted for renewable periods of twelve months, will be granted following the Bank’s evaluation of your cash flow requirements and upon meeting the Bank’s terms and conditions underlying this facility. The overdraft is a cost effective form of borrowing if conducted in a proper manner as debit interest is charged on daily overdrawn balances and the debit interest is debited to the current account twice yearly as at end June and December. Dishonoured Cheques Code of Conduct MBA Guidelines on the issuing and encashment of cheques prior to / after the changeover of the Maltese lira to the euro