Bad luck for hopeful challenger bank Mondo.
The mobile first firm is still waiting for its full banking license, but its already facing legal trouble.
Mondo, which attracted a £7m investment from Passion Capital and secured £1m through a crowdfunding campaign from almost 9,000 people in just 96 seconds earlier this year, is being forced to change its name after an undisclosed company with a similar one threatened legal action.
"We've seen close to 10,000 submissions already", said a cheery spokesperson for the firm. "As of right now we're at 9,400 and that's just from this morning!"
Mondo is no stranger to appealing to the public, so it's no surprise that the firm has put a few rules in place to ensure there's no Boaty McBoatface-like disaster.
There's just two rules for the competition, which ends on Tuesday night.
The first is that the new name must begin with an M. The second? Mondo insists: "it can't be Banky McBankface".