A banknote handling apparatus includes an inlet, a first transport unit and a second transport unit which are configured to transport banknotes taken in through the inlet, a recognition unit configured to recognize each of the banknotes, a bundling stacker configured to stack any banknote recognized, by the recognition unit, as a banknote to be bundled, a non-bundling stacker configured to stack any banknote recognized, by the recognition unit, as a banknote not to be bundled, a bundling unit configured to bundle the banknotes stacked in the bundling stacker, and a dispense port through which the banknotes bundled by the bundling unit are dispensed. The bundling stacker includes only two bundling stackers, and the non-bundling stacker includes only two non-bundling stackers.