An apparatus for forming stacks of flat workpieces and for banding or banderoling the stacks includes a stacking station, a banding or banderoling station, and an endless conveyor for cyclically conveying stacking shafts provided to the endless conveyor. A respective first band guide is formed on a respective one of the stacking shafts and a second band guide is disposed in the banding station. The second band guide together with the respective first band guide form an at least approximately intrinsically closed guide path.