In a paper money handling apparatus including a volume for containing a paper money (800), a paper money transfer means (701, 703) for taking the paper money (800) into and out from the volume, a paper money guide (705) for guiding the paper money (800) to be taken into and out from the volume, and a paper money pressing means (704) for pressing the paper money (800) in the volume, the paper money pressing means (704) descends with its gravity at a side of the paper money guide (705) facing to the volume, and the apparatus further includes a paper money deforming member (709) for applying to the paper money (800) a rigidity for moving vertically upward the paper money pressing means (704).