“Dear Valued Customer, Kindly note that to enhance transparency, we are eliminating post-facto deductions of correspondent banking charges from customers accounts, the new process is approved by CBK and will be the following: One-time correspondent bank charges, to be deducted from customers based on the currency of transfer at the point of transaction execution when the customer selects the option to bear all correspondent banking charges. System enhancements will be implemented to automatically deduct correspondent bank charges upfront, based on the transfer currency. Customer statements will display these deductions as a separate line item labeled Correspondent Bank Charges. Kindly note that these changes are expected to take effect starting 24 May 2026. The above message is already communicated on March 4th, 2026, by email to WOLC Financial Corporate Client