Payment Warrant from a US State

digitalsystem

Hi,

I am due to receive some funds from a deceased relative which is being held by an Unclaimed Funds section by the state of Ohio in the US. I'm based in Ireland.

I got a notice today to say that the funds can only be provided via a warrant. I don't know what a warrant is. Has any experience with a warrant from a US state? Is it a check or something else?

'Please note: the only form of payment available is a warrant drawn from Ohio State Treasury'

macvin

First result on Google

https://en.wikipedia.org/wiki/Warrant_of_payment

Trigger Happy

I believe a warrant is an order to pay issued to the State Treasurer to give to you the money owed. That will then likely be in the form of a cheque rather than wire transfer. Best to give them a call/email to see how to execute.

digitalsystem

https://www.boards.ie/discussion/comment/119244243#Comment_119244243

thanks, I had looked at that but wasn't any clearer from reading it. Hence the question here..

digitalsystem

https://www.boards.ie/discussion/comment/119244248#Comment_119244248

thanks for the input, I have asked the question to the US side. I'm wondering will it be an issue if I have to present something to an Irish bank.

Will hopefully get a response soon

macvin

https://www.boards.ie/discussion/comment/119244586#Comment_119244586

It has a section that gives details about US warrants.

Basically it's a cheque but with a normal cheque there has to be funds there to meet the payment whereas with a warrant payment depends on whether funds are there within a specific account and thus can be issued without giving a guarantee of payment.

So the cheque is issued for drawing against the unclaimed funds account rather than the main state account.

digitalsystem

There's great, thanks. Hopefully won't be much of an issue when I bring it into the bank