Mr. Jess Dipasupil, located in Nashville Tennessee, United States, asked the LMN Bank to facilitate the transfer of 1,000 U.S. Dollars to Mr. Werner Florentino in the Philippines. LMN Bank instructed the Bank of XYZ to facilitate such transfer. The Bank of XYZ, however, inadvertently transferred 100,000.00 U.S. Dollars to the peso account of Mr. Werner Florentino in QRST Bank. The Bank of XYZ sought the return of the excess amount through a case they filed in the Philippines. Mr. Werner Florentino objected to the inquiry into his bank deposits invoking the confidentiality thereof. Is Mr. Werner Florentino correct?