diff --git a/src/wallet/wallet2.cpp b/src/wallet/wallet2.cpp
index 6b2c27d5e..48e794616 100644
--- a/src/wallet/wallet2.cpp
+++ b/src/wallet/wallet2.cpp
@@ -892,7 +892,7 @@ wallet_keys_unlocker::wallet_keys_unlocker(wallet2 &w, const boost::optional<too
   w(w),
   locked(password != boost::none)
 {
-  if (!locked || w.is_unattended() || w.ask_password() != tools::wallet2::AskPasswordToDecrypt)
+  if (!locked || w.is_unattended() || w.ask_password() != tools::wallet2::AskPasswordToDecrypt || w.watch_only())
   {
     locked = false;
     return;