An apparatus for dispensing sheets, including cash, which comprises first conveying elements for dispensing sheets along a feed path to a stacking position; first detection device for detecting unsuitable sheets; and diverting elements for diverting detected unsuitable sheets along a reject path to a dump. Stacking elements are positioned downstream of the diverting elements for stacking sheets at the stacking position. Second conveying elements are provided for selectively delivering the stacked sheets to a dispense outlet or along a reject path to the dump.