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From the BBC Radio 4 News Quiz web site:
After being charged £20 for a £10 overdraft, 30 year old Michael Howard of Leeds changed his name by deed poll to Yorkshire Bank PLC Are Fascist Bastards. The bank has now asked him to close his account, and Mr. Bastards has asked them to repay the 69p balance, by cheque, made out in his new name. (The Guardian)
After being charged £20 for a £10 overdraft, 30 year old Michael Howard of Leeds changed his name by deed poll to Yorkshire Bank PLC Are Fascist Bastards. The bank has now asked him to close his account, and Mr. Bastards has asked them to repay the 69p balance, by cheque, made out in his new name. (The Guardian)
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I rather suspect it is only an urban legend, even if it is in the BBC website. It has such a cathartic effect, though :P