Don't be surprised at this, a lot of banks require you to send a cover letter only after being accepted into their shortlist, which was the case for Citi's Bright Network for example. I also heard that certain banks do not require a cover letter at all, I've seen this for one EB and they just require you to fill out fit questions on their website in a form (so I guess that sort of serves as a cover letter, since you answer every single question with what you would normally write in your cover letter)

 

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