A tape type binding apparatus includes a cutter portion formed in a U-shape inside which a paper staple is held, a paper table formed with a drawing hole through which cutter blades of the cutter portion can be inserted, a pair of pressing members arranged on respective sides of the drawing hole, and a pressing piece arranged below the center of the drawing hole. The cutter blades and leg portions of the paper staple penetrate a stack of sheets placed on the paper table by moving down the cutter portion, the pair of pressing members folds the leg portions of the paper staple to inner sides by moving toward the center of the drawing hole through rectangular holes formed on respective cutter blades, and the pressing piece presses and bonds the folded leg portions by relatively moving up with respect to the paper table.