Applying for summer position via bank's website a waste of time?

It seems that submitting resumes on a bank's website is a black hole of time and effort, unless a contact at the bank already has your resume and says you should submit online as well. Is this everyone else's experience, for summer positions in particular?

Bottom line: should I go through the effort of submitting online if I don't know someone at the bank? Many thanks.

 

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