Sheet transfer system

A sheet transfer system for transferring sheets, such as banknotes, to and from a sheet stack. The system comprises a rotatably mounted sheet transfer member having a body with at least one outwardly opening slot into which a sheet can be received. On rotation of the member a sheet in the slot is transferred to stack 26. The body has at least one reduced diameter section 22. A sheet withdrawal device 6 is provided for withdrawing sheets from the stack, whereby, during a withdrawal operation, Figure 4, the transfer member is rotated to bring the or one reduced diameter portion 22 to face the stack.