What type of check should a teller be cautious about when it is made payable to more than one person?

When dealing with checks made payable to more than one person, federal tax refund checks often require special attention due to their potential stipulations regarding endorsement. Such checks typically necessitate the endorsement of all parties listed on the check for it to be cashed or deposited. This requirement can lead to complications if, for instance, one of the payees is unavailable or unwilling to endorse the check.

In contrast, other types of checks, such as corporate checks, travel checks, and personal checks, may have different endorsement requirements that can vary based on the institution and the circumstances surrounding the checks. Personal checks may sometimes be made payable to multiple individuals but are generally handled more straightforwardly in comparison to federal tax refund checks, where specific regulatory requirements are in place.

Thus, the nature of federal tax refund checks, with its particular focus on endorsements and potential restrictions, emphasizes the need for tellers to exercise caution and ensure compliance with the necessary procedures.