Abstract: A banknote stack receiving structure is provided in front of a banknote validator for sequentially passing banknotes to the validator in a serial manner. A first drive arrangement engages one side of an exposed banknote and urges the banknote towards the validator. A restrictive drive cooperates with the first drive and a banknote must pass between opposed rollers of the drives to move to the validator. The restrictive drive roller contacts the opposite side of the exposed banknote but may also contact an overlapping banknote. The restrictive drive rotates to feed a banknote to the validator if a single banknote is present and automatically rotates in an opposite direction if overlapping banknotes are present. This automatic direction of rotation is due to slippage between banknotes and overcoming a low torque motor of the restrictive drive when a single banknote is present.

Abstract: The invention relates to an apparatus for accumulating and dispensing bank notes of various length, width and condition without appreciable deformation of current note and displacement of previously stacked notes, preferably having a device connected in series to verify genuineness of bank notes inserted. Apparatus comprises a lockable removable box with a note transfer, stacker and dispensing mechanism. A note transfer mechanism comprises a belt drive with at least one spring claw for gripping note leading edge. Stacker mechanism comprises two reversible frames with longitudinal revolving panels on their side segments. Dispensing mechanism comprises spring loaded roll pallet with outlet gate. A note is pulled into apparatus by means of gripper under the belt translation. The notes stack or bundle is formed due to reversible motion of frames with corresponding side panels revolving. At the dispenser embodiment the bundle of notes slides out due to cooperative motion of driving belt and roll pallet.