then a belt tensioning drum 0203 u2032 a channel guiding wheel 0205 and a banknote holding wheel 0207 the distance between any two of which is smaller than the length of the banknote in its conveying direction cooperate with the conveying belt to hold the banknote for horizontal conveying a system instruction is issued regarding which cash box is to receive the banknote for example if it is determined that the banknote can be stored in a recycling cash box d then when the banknote is conveyed to a channel banknote entrance exit c a redirection mechanism 0209 is rotated into state 1 which cuts off the path for the banknote to go on and let the banknote enter the recycling cash box d through a redirection guiding surface 02094 thereby accomplishing the cash deposit process if the system instructs other recycling cash box to take the banknote the status of the redirection mechanism at the entrance exit c is changed into state 2 which unblocks the conveying path for the banknote and has the path closed to an entrance exit of the recycling cash box d if an inputted banknote is identified as not suitable for further circulation it enters the deposit only cash box e via a channel entrance exit a or c based on their respective natures of retrieved banknotes the deposit only cash box e may have multiple spaces for storing banknotes retrieved for different reasons when the automated cash deposit and withdrawal machine are providing withdrawal service the system instructs one of the recycling cash boxes to perform banknote.