(1) Unless expressly agreed to the contrary, after the execution or receipt of a transfer, the institution shall supply its customer with clear information in a comprehensible form, including at least

(a) a reference enabling the customer to identify the transaction;

(b) the original amount of the transfer; and

(c) the amount of charges payable by the customer.

(2) Where the originator has specified that the charges for a transfer are to be wholly or partly borne by the beneficiary, the beneficiary shall be informed accordingly by the beneficiary's institution.