A cash and check automatic depositing apparatus is capable of automatically depositing a bundle of cashes and checks inserted at once. The apparatus includes a bundle insertion opening for allowing a user to deposit or receive therethrough a bundle of cashes and checks, and a bundle separator for separating the banknotes inserted through the bundle insertion opening one by one. The separated banknotes are automatically transferred one by one and verified to check authenticity or abnormality thereof. Further, the banknotes are transferred onto an authentic check transfer path and an authentic cash transfer path to be separately stored in storage cassettes.