Abstract: A pack of paper money is inserted into a binding apparatus and positioned within multiple loops of a tape in involuted state, whereupon clampers grasp the pack from opposites thereof, an extension on one clamper pressing and holding the inner leading end of the tape against the pack, and a roller device draws a trailing part of the tape to tighten the tape loops around the pack. A cutter cuts the tape at the trailing part to form an outer trailing extremity of the tape, which is stuck with adhesive to the tightened tape thereby to complete the binding of the pack. The moving parts of the apparatus are controlled and actuated automatically when the pack is inserted into binding position in the apparatus.