The present invention, clearing and classifying machine, is one bank note clearing, classifying and identifying equipment used in bank and other financial organism. It has structure including frame, bank note feeding mechanism, detecting channel, several bank note separating mechanisms, several bank note accepting mechanisms, conveying channel and auxiliary bank note exit. The frame consists of seat, front frame and back frame; the bank note feeding mechanism consists of separator, friction wheel, feeding wheel and feeding motor; the detecting channel consists of upper and lower sensor installing boards, magnetic head pressing wheel, conveying wheel and pressing wheel; the bank note separating mechanism consists of guide wheel, shift fork and several wheels; the bank note accepting mechanism consists of accepting wheel, accepting stage and motor; the conveying channel consists of motor and other parts; and the auxiliary bank note exit consists of exit stage, conveying wheel, etc.