A stacked paper fastener having a pair of prongs which may be passed through a pair of holes in a top piece and affixed to the top piece to hold the stacked papers together. The fastener is preferably entirely made of plastic with no sharp edges so that it cannot readily cut a user. Each prong has notches in the outer surface which, when the prongs are passed through a ratchet member, may be pulled tight around the stack of papers. The ratchet member securely holds the stack of papers together until purposely released. The ratchet members have releases which are easily manipulated from above the top piece so that the top piece can be easily removed to add more papers to the stack or to disassemble the stack of papers.