diff --git a/src/main/java/com/sparrowwallet/sparrow/event/NewChildWalletSavedEvent.java b/src/main/java/com/sparrowwallet/sparrow/event/NewChildWalletSavedEvent.java
new file mode 100644
index 00000000..3fec4a4d
--- /dev/null
+++ b/src/main/java/com/sparrowwallet/sparrow/event/NewChildWalletSavedEvent.java
@@ -0,0 +1,24 @@
+package com.sparrowwallet.sparrow.event;
+
+import com.sparrowwallet.drongo.wallet.Wallet;
+import com.sparrowwallet.sparrow.io.Storage;
+
+public class NewChildWalletSavedEvent {
+    private final Storage storage;
+    private final Wallet masterWallet;
+    private final Wallet childWallet;
+
+    public NewChildWalletSavedEvent(Storage storage, Wallet masterWallet, Wallet childWallet) {
+        this.storage = storage;
+        this.masterWallet = masterWallet;
+        this.childWallet = childWallet;
+    }
+
+    public String getMasterWalletId() {
+        return storage.getWalletId(masterWallet);
+    }
+
+    public Wallet getChildWallet() {
+        return childWallet;
+    }
+}
diff --git a/src/main/java/com/sparrowwallet/sparrow/paynym/PayNymController.java b/src/main/java/com/sparrowwallet/sparrow/paynym/PayNymController.java
index 0f23027d..3269d841 100644
--- a/src/main/java/com/sparrowwallet/sparrow/paynym/PayNymController.java
+++ b/src/main/java/com/sparrowwallet/sparrow/paynym/PayNymController.java
@@ -441,6 +441,7 @@ public class PayNymController {
             if(!storage.isPersisted(addedWallet)) {
                 try {
                     storage.saveWallet(addedWallet);
+                    EventManager.get().post(new NewChildWalletSavedEvent(storage, masterWallet, addedWallet));
                 } catch(Exception e) {
                     log.error("Error saving wallet", e);
                     AppServices.showErrorDialog("Error saving wallet " + addedWallet.getName(), e.getMessage());
diff --git a/src/main/java/com/sparrowwallet/sparrow/terminal/wallet/SettingsDialog.java b/src/main/java/com/sparrowwallet/sparrow/terminal/wallet/SettingsDialog.java
index da35f64c..c723d689 100644
--- a/src/main/java/com/sparrowwallet/sparrow/terminal/wallet/SettingsDialog.java
+++ b/src/main/java/com/sparrowwallet/sparrow/terminal/wallet/SettingsDialog.java
@@ -1,5 +1,6 @@
 package com.sparrowwallet.sparrow.terminal.wallet;
 
+import com.google.common.eventbus.Subscribe;
 import com.googlecode.lanterna.TerminalSize;
 import com.googlecode.lanterna.gui2.*;
 import com.googlecode.lanterna.gui2.dialogs.TextInputDialogBuilder;
@@ -21,8 +22,8 @@ import com.sparrowwallet.sparrow.io.Storage;
 import com.sparrowwallet.sparrow.io.StorageException;
 import com.sparrowwallet.sparrow.terminal.SparrowTerminal;
 import com.sparrowwallet.sparrow.wallet.Function;
+import com.sparrowwallet.sparrow.wallet.SettingsWalletForm;
 import com.sparrowwallet.sparrow.wallet.WalletForm;
-import com.sparrowwallet.sparrow.whirlpool.WhirlpoolServices;
 import javafx.application.Platform;
 import org.slf4j.Logger;
 import org.slf4j.LoggerFactory;
@@ -276,6 +277,13 @@ public class SettingsDialog extends WalletDialog {
         return lines;
     }
 
+    @Subscribe
+    public void newChildWalletSaved(NewChildWalletSavedEvent event) {
+        if(event.getMasterWalletId().equals(getWalletForm().getMasterWalletId())) {
+            ((SettingsWalletForm)getWalletForm()).childWalletSaved(event.getChildWallet());
+        }
+    }
+
     public enum PasswordRequirement {
         UPDATE_NEW("Add a password to the wallet?\nLeave empty for no password:", "No Password"),
         UPDATE_EMPTY("This wallet has no password.\nAdd a password to the wallet?\nLeave empty for no password:", "No Password"),
diff --git a/src/main/java/com/sparrowwallet/sparrow/terminal/wallet/WalletDialog.java b/src/main/java/com/sparrowwallet/sparrow/terminal/wallet/WalletDialog.java
index 89c24fe1..8faae108 100644
--- a/src/main/java/com/sparrowwallet/sparrow/terminal/wallet/WalletDialog.java
+++ b/src/main/java/com/sparrowwallet/sparrow/terminal/wallet/WalletDialog.java
@@ -16,10 +16,7 @@ import com.sparrowwallet.sparrow.AppServices;
 import com.sparrowwallet.sparrow.CurrencyRate;
 import com.sparrowwallet.sparrow.EventManager;
 import com.sparrowwallet.sparrow.UnitFormat;
-import com.sparrowwallet.sparrow.event.ChildWalletsAddedEvent;
-import com.sparrowwallet.sparrow.event.StorageEvent;
-import com.sparrowwallet.sparrow.event.TimedEvent;
-import com.sparrowwallet.sparrow.event.WalletHistoryClearedEvent;
+import com.sparrowwallet.sparrow.event.*;
 import com.sparrowwallet.sparrow.io.Config;
 import com.sparrowwallet.sparrow.io.Storage;
 import com.sparrowwallet.sparrow.terminal.SparrowTerminal;
@@ -151,6 +148,7 @@ public class WalletDialog extends DialogWindow {
                 if(!storage.isPersisted(childWallet)) {
                     try {
                         storage.saveWallet(childWallet);
+                        EventManager.get().post(new NewChildWalletSavedEvent(storage, masterWallet, childWallet));
                     } catch(Exception e) {
                         log.error("Error saving wallet", e);
                         showErrorDialog("Error saving wallet " + childWallet.getName(), e.getMessage());
diff --git a/src/main/java/com/sparrowwallet/sparrow/wallet/SendController.java b/src/main/java/com/sparrowwallet/sparrow/wallet/SendController.java
index 7c52a0e0..5966f809 100644
--- a/src/main/java/com/sparrowwallet/sparrow/wallet/SendController.java
+++ b/src/main/java/com/sparrowwallet/sparrow/wallet/SendController.java
@@ -1196,6 +1196,7 @@ public class SendController extends WalletFormController implements Initializabl
                 if(!storage.isPersisted(childWallet)) {
                     try {
                         storage.saveWallet(childWallet);
+                        EventManager.get().post(new NewChildWalletSavedEvent(storage, masterWallet, childWallet));
                     } catch(Exception e) {
                         AppServices.showErrorDialog("Error saving wallet " + childWallet.getName(), e.getMessage());
                     }
@@ -1381,6 +1382,7 @@ public class SendController extends WalletFormController implements Initializabl
             if(!storage.isPersisted(addedWallet)) {
                 try {
                     storage.saveWallet(addedWallet);
+                    EventManager.get().post(new NewChildWalletSavedEvent(storage, masterWallet, addedWallet));
                 } catch(Exception e) {
                     log.error("Error saving wallet", e);
                     AppServices.showErrorDialog("Error saving wallet " + addedWallet.getName(), e.getMessage());
diff --git a/src/main/java/com/sparrowwallet/sparrow/wallet/SettingsController.java b/src/main/java/com/sparrowwallet/sparrow/wallet/SettingsController.java
index 0ca1d30c..47e12410 100644
--- a/src/main/java/com/sparrowwallet/sparrow/wallet/SettingsController.java
+++ b/src/main/java/com/sparrowwallet/sparrow/wallet/SettingsController.java
@@ -631,6 +631,7 @@ public class SettingsController extends WalletFormController implements Initiali
                 if(!storage.isPersisted(childWallet)) {
                     try {
                         storage.saveWallet(childWallet);
+                        EventManager.get().post(new NewChildWalletSavedEvent(storage, masterWallet, childWallet));
                     } catch(Exception e) {
                         log.error("Error saving wallet", e);
                         AppServices.showErrorDialog("Error saving wallet " + childWallet.getName(), e.getMessage());
@@ -718,6 +719,13 @@ public class SettingsController extends WalletFormController implements Initiali
         }
     }
 
+    @Subscribe
+    public void newChildWalletSaved(NewChildWalletSavedEvent event) {
+        if(event.getMasterWalletId().equals(walletForm.getMasterWalletId())) {
+            ((SettingsWalletForm)walletForm).childWalletSaved(event.getChildWallet());
+        }
+    }
+
     private void saveWallet(boolean changePassword, boolean suggestChangePassword) {
         ECKey existingPubKey = walletForm.getStorage().getEncryptionPubKey();
 
diff --git a/src/main/java/com/sparrowwallet/sparrow/wallet/SettingsWalletForm.java b/src/main/java/com/sparrowwallet/sparrow/wallet/SettingsWalletForm.java
index bf7bee15..37685cf8 100644
--- a/src/main/java/com/sparrowwallet/sparrow/wallet/SettingsWalletForm.java
+++ b/src/main/java/com/sparrowwallet/sparrow/wallet/SettingsWalletForm.java
@@ -242,4 +242,15 @@ public class SettingsWalletForm extends WalletForm {
 
         return changedKeystores;
     }
+
+    public void childWalletSaved(Wallet childWallet) {
+        //Update the child wallets for the master wallet of the local walletCopy to ensure all KeystoreEncryptionChangedEvents are posted
+        Wallet masterWalletCopy = walletCopy.isMasterWallet() ? walletCopy : walletCopy.getMasterWallet();
+        Wallet childWalletCopy = masterWalletCopy.getChildWallet(childWallet.getName());
+        if(childWalletCopy == null) {
+            childWalletCopy = childWallet.copy();
+            childWalletCopy.setMasterWallet(masterWalletCopy);
+            masterWalletCopy.getChildWallets().add(childWallet.copy());
+        }
+    }
 }
diff --git a/src/main/java/com/sparrowwallet/sparrow/wallet/WalletForm.java b/src/main/java/com/sparrowwallet/sparrow/wallet/WalletForm.java
index 9f014683..b6d30980 100644
--- a/src/main/java/com/sparrowwallet/sparrow/wallet/WalletForm.java
+++ b/src/main/java/com/sparrowwallet/sparrow/wallet/WalletForm.java
@@ -189,6 +189,7 @@ public class WalletForm {
                         if(!storage.isPersisted(addedWallet)) {
                             try {
                                 storage.saveWallet(addedWallet);
+                                EventManager.get().post(new NewChildWalletSavedEvent(storage, wallet, addedWallet));
                             } catch(Exception e) {
                                 log.error("Error saving wallet", e);
                                 AppServices.showErrorDialog("Error saving wallet " + addedWallet.getName(), e.getMessage());