Norwood’s East 204th Street commercial strip is currently home to four banks. By October, that will whittle down to two, making it a little tougher for residents to cash checks, deposit monies, or get a certified bank money order. It also adds to the ongoing trend of a borough that’s unbanked.

Two of the banks–the Chase Bank at 311 E. 204th St. and Bank of America at 299 E. 204th St., occupying an baroque-influenced storefront just near Bainbridge Avenue–will close its doors, a move where low foot traffic and relatively closer banks are to blame.

Bank of America customers will fare the worst after the bank closes in August. Notices went out last month, with a sign for everyone to see expected to be posted at the bank’s front doors, according to a Bank of America spokesperson. The spokesperson added that lower foot traffic is one of the key reasons the banking giant decided to close the branch.

The ATM machines will be kept for now until two years from now, when the bank will remove the ATMs there. The bank is currently modernizing its 16,400 ATMs, packing it with the latest technology. Another Bank of America is less than a mile from the East 204th Street branch at 3424 Jerome Ave., though it offers only ATM service.

The Bank of America spokesperson said customers can try the 700 Allerton Ave. branch, a financial center, that was recently renovated. The center–offering services that range from taking out a loan to planning for retirement–is two miles away, which could be a major drag for customers forced to take the bus.

One customer named Zuri said she’s now “going to have to close my account.” She conceded that while there’s a Bank of America branch in Fordham, she advises customers “you don’t want to go there too much.”

For Chase customers, the blow may not be as bad since another Chase Bank is at 3169 Bainbridge Ave., a mere five minutes walking up the street’s hilly terrain from the soon-to-close branch. A representative for Chase told the Norwood News that customers can expect the branch to close on Oct. 25.

Some Chase customers like Nicole Edman of Norwood were caught off guard over the closure. It’s perhaps because notices haven’t gone out yet. They’re expected to sometime during the latter part of July, according to a Chase representative.

“It’s hard to walk up that hill,” said Edman, worrying the disabled who bank will have a harder time trudging up the hill. It’s also an inconvenience to commuters getting off the Norwood-East 205th Street D train station, now forced to walk down the hill to bank.

With the closures slated, this continues the borough’s trend of being the most un-banked across the city, often forcing residents to head to nearby check cashing places that often charge extra fees just for cashing a check. A 2015 report by New York City Comptroller Scott Stringer found the Bronx with the “lowest concentration of bank branches per household of any county in the nation.”

Additional reporting by Sha-Nia Alston and Christy Rae Ammons