To solve problems of an open paying and receiving system having small-note bundle safes, which require a large space, are constantly vacant according to the denominations, uselessly, and enlarged in size, in respective safes by denominations.

This paying machine by denomination for small-note bundle is characterized in that a small note bundle safe is provided therein independently from safes by denominations, notes supplied from the respective safes by the denominations are sealed by giving the denomination information thereto, the small note bundle by the respective denominations are managed and stored based on the denomination information, and a small note bundle of a prescribed denomination is selected and paid according to the paying command.