An apparatus for accumulating and dispensing of bank notes supplied thereto from a validator means, said apparatus comprising: a bank note dispenser, a bank note dispatcher, at least one bank note accumulator (3a-3d), a bank note storage stacker, and a bank note transport path connecting an outlet of said validator means to said bank note dispatcher for transporting a banknote to any of said at least one bank note accumulator (3a-3d) and said bank note storage stacker, said bank note dispatcher selectively connecting said at least one bank note accumulator (3a-3d) with said bank note dispenser; said bank note dispenser including a plastic case having a temporary intake chamber and an accumulating chamber, an entering slit through which a bank note is supplied to the intake chamber and a bank note outfeed lockable door through which bank notes are dispensed; a note pulling means for note drawing edgewise from said entering slit up to the said temporary intake chamber; a note stacking means for transferring a bank note from said temporary intake chamber and stacking the banknote in said accumulating chamber; dispensing means (203, 205) for sliding out from the dispenser bank notes stacked in said accumulating chamber, said dispensing means (203, 205) comprising a spring loaded roll pallet; characterised in that said note pulling means comprising at least one belt drive means (205a, 205b) with at least one spring claw (216, 218) for gripping a leading edge of a supplied bank note; said stacking means comprising two reversible swivel frames (213a, 213b) with longitudinal revolving panels (204a, 204b) on their side segments flanked along a retracted bank note; and driving means for operating said at least belt drive means (205a, 205b) and two reversible swivel frames (213a, 213b). a bank note dispenser, a bank note dispatcher, at least one bank note accumulator (3a-3d), a bank note storage stacker, and a bank note transport path connecting an outlet of said validator means to said bank note dispatcher for transporting a banknote to any of said at least one bank note accumulator (3a-3d) and said bank note storage stacker, said bank note dispatcher selectively connecting said at least one bank note accumulator (3a-3d) with said bank note dispenser; said bank note dispenser including a plastic case having a temporary intake chamber and an accumulating chamber, an entering slit through which a bank note is supplied to the intake chamber and a bank note outfeed lockable door through which bank notes are dispensed; a note pulling means for note drawing edgewise from said entering slit up to the said temporary intake chamber; a note stacking means for transferring a bank note from said temporary intake chamber and stacking the banknote in said accumulating chamber; dispensing means (203, 205) for sliding out from the dispenser bank notes stacked in said accumulating chamber, said dispensing means (203, 205) comprising a spring loaded roll pallet; characterised in that said note pulling means comprising at least one belt drive means (205a, 205b) with at least one spring claw (216, 218) for gripping a leading edge of a supplied bank note; said stacking means comprising two reversible swivel frames (213a, 213b) with longitudinal revolving panels (204a, 204b) on their side segments flanked along a retracted bank note; and driving means for operating said at least belt drive means (205a, 205b) and two reversible swivel frames (213a, 213b).