diff --git a/gui/qt/__init__.py b/gui/qt/__init__.py
index 5c890e1f..d9c08594 100644
--- a/gui/qt/__init__.py
+++ b/gui/qt/__init__.py
@@ -241,7 +241,6 @@ class ElectrumGui:
             self.set_url(url)
 
         w.connect_slots(s)
-        w.update_wallet()
 
         signal.signal(signal.SIGINT, lambda *args: self.app.quit())
         self.app.exec_()
diff --git a/gui/qt/main_window.py b/gui/qt/main_window.py
index 1a7204a2..a5fc9dd5 100644
--- a/gui/qt/main_window.py
+++ b/gui/qt/main_window.py
@@ -216,7 +216,7 @@ class ElectrumWindow(QMainWindow):
             title += ' [%s]' % (_('watching only'))
         self.setWindowTitle( title )
         self.update_history_tab()
-        self.update_wallet()
+        self.need_update.set()
         # Once GUI has been initialized check if we want to announce something since the callback has been called before the GUI was initialized
         self.notify_transactions()
         self.update_account_selector()