Multiple bill escrow and storage apparatus

Abstract

A multiple bill escrow and storage apparatus provides in combination: a validator unit for validating paper money bills which has an outlet through which each accepted bill is ejected; a receiver of bills from the validator unit; a conveyor disposed near the receiver, the conveyor being capable of moving a bill from the validator unit to a handling station; an escrow box disposed adjacent the handling station, the escrow box having a retaining device for holding multiple bills therein; a transfer device mounted at the handling station for transferring a bill from the conveyor into the escrow box, the transfer device comprising a pusher reciprocally movably mounted opposite the escrow box; a vault mounted adjacent the escrow box; an actuating device coupled to the transfer device for selectively transferring a bill into the escrow box and from the escrow box into the vault, the actuating device being capable of driving the pusher through the conveyor to push the bill from the conveyor into the escrow box; a mechanism for reciprocally moving the escrow box between the handling station and an ejection station; and an ejecting device disposed at the ejection station for ejecting the bills contained in the escrow box wherein the ejected bill are ejected in a folded state.