Abstract: Currency dispensing apparatus is disclosed in which vertically stacked bills located in a removable container positioned in the dispenser are fed one-by-one from the top of the stack through an opening in the container ceiling by a proximately located overlying rotary suction head. The head advances the bills to the nip of a pair of superimposed bill transport belts overlying the stack from which point they are then transported by the belts back over the top of the stack to a diverter whereat the bills are either diverted to an underlying reject bin located adjacent the stack or to a delivery chute for manual removal by a customer. A multiple, or overlapped, bill sensor is located along the bill transport path between the suction pickup head and the diverter which, in cooperation with suitable control circuitry responsive to the sensor, controls the diverter for diverting multiple, or overlapped, bills into the underlying reject bin while allowing single bills to be transported to the customer delivery chute.