A banknote handling apparatus (1) includes a sorted-banknote stacking device (2) that sorts and stacks banknotes per denomination and a bundling device (3) that bundles the banknotes. The sorted-banknote stacking device (2) includes a feeding unit (12) that feeds the banknote from the hopper unit (11); a transporting unit (13) that transports the banknote; a denomination recognizing unit (14); a plurality of stackers (16) in which the banknote is sorted and stacked based on a recognition result; and a rejecting unit (17) that discharges rejected banknotes. The bundling device includes a bundling-object-banknote stacking unit (21) that stacks banknote of a specific denomination transported by the transporting unit (13); and a banknote bundling unit (22) that bundles the banknotes. The bottom surface of the sorted-banknote stacking unit (2) is arranged at a higher level than the bottom surface of the bundling device (3).