PURPOSE: To provide a cashing card reader capable of continuously, automatically and quickly discriminating the authenticity and reading the denomination.

CONSTITUTION: A receiving part 7 for feeding a cashing card A is provided on one side of a case body 6 and a magnetic sensor 9 reacting to a magnetic material provided on the cashing card A and a transfer means 8 for transferring the cashing card A are made to correspond to the lower side. Nondefective cashing cards and defective cashing cards are divided by a dividing means 10 operated by the signals of the magnetic sensor 9 and a control means 15 for controlling the signals corresponding to a magnetic flux density in the magnetic material of the cashing card A is linked to the magnetic sensor 9.