diff --git a/src/main/java/com/sparrowwallet/sparrow/AppController.java b/src/main/java/com/sparrowwallet/sparrow/AppController.java
index e3cc73e9..9f176df1 100644
--- a/src/main/java/com/sparrowwallet/sparrow/AppController.java
+++ b/src/main/java/com/sparrowwallet/sparrow/AppController.java
@@ -33,6 +33,7 @@ import com.sparrowwallet.sparrow.wallet.WalletForm;
 import de.codecentric.centerdevice.MenuToolkit;
 import javafx.animation.*;
 import javafx.application.Platform;
+import javafx.beans.binding.Bindings;
 import javafx.collections.ListChangeListener;
 import javafx.event.ActionEvent;
 import javafx.fxml.FXML;
@@ -99,6 +100,9 @@ public class AppController implements Initializable {
     @FXML
     private CheckMenuItem showTxHex;
 
+    @FXML
+    private MenuItem refreshWallet;
+
     @FXML
     private StackPane rootStack;
 
@@ -223,6 +227,7 @@ public class AppController implements Initializable {
         hideEmptyUsedAddresses.setSelected(Config.get().isHideEmptyUsedAddresses());
         showTxHex.setSelected(Config.get().isShowTransactionHex());
         exportWallet.setDisable(true);
+        refreshWallet.disableProperty().bind(Bindings.or(exportWallet.disableProperty(), Bindings.or(serverToggle.disableProperty(), AppServices.onlineProperty().not())));
 
         setServerType(Config.get().getServerType());
         serverToggle.setSelected(isConnected());
@@ -828,6 +833,18 @@ public class AppController implements Initializable {
         messageSignDialog.showAndWait();
     }
 
+    public void refreshWallet(ActionEvent event) {
+        Tab selectedTab = tabs.getSelectionModel().getSelectedItem();
+        TabData tabData = (TabData)selectedTab.getUserData();
+        if(tabData.getType() == TabData.TabType.WALLET) {
+            WalletTabData walletTabData = (WalletTabData) tabData;
+            Wallet wallet = walletTabData.getWallet();
+            Wallet pastWallet = wallet.copy();
+            wallet.clearHistory();
+            EventManager.get().post(new WalletSettingsChangedEvent(wallet, pastWallet, walletTabData.getStorage().getWalletFile()));
+        }
+    }
+
     public void addWalletTabOrWindow(Storage storage, Wallet wallet, boolean forceSameWindow) {
         Window existingWalletWindow = AppServices.get().getWindowForWallet(storage);
         if(existingWalletWindow instanceof Stage) {
diff --git a/src/main/java/com/sparrowwallet/sparrow/wallet/WalletForm.java b/src/main/java/com/sparrowwallet/sparrow/wallet/WalletForm.java
index 6827da0d..cd41af46 100644
--- a/src/main/java/com/sparrowwallet/sparrow/wallet/WalletForm.java
+++ b/src/main/java/com/sparrowwallet/sparrow/wallet/WalletForm.java
@@ -10,8 +10,10 @@ import com.sparrowwallet.sparrow.AppServices;
 import com.sparrowwallet.sparrow.EventManager;
 import com.sparrowwallet.sparrow.WalletTabData;
 import com.sparrowwallet.sparrow.event.*;
+import com.sparrowwallet.sparrow.io.Config;
 import com.sparrowwallet.sparrow.net.ElectrumServer;
 import com.sparrowwallet.sparrow.io.Storage;
+import com.sparrowwallet.sparrow.net.ServerType;
 import javafx.application.Platform;
 import org.slf4j.Logger;
 import org.slf4j.LoggerFactory;
@@ -25,6 +27,7 @@ public class WalletForm {
 
     private final Storage storage;
     protected Wallet wallet;
+    private Wallet savedPastWallet;
 
     private WalletTransactionsEntry walletTransactionsEntry;
     private WalletUtxosEntry walletUtxosEntry;
@@ -245,6 +248,13 @@ public class WalletForm {
             walletUtxosEntry = null;
             accountEntries.clear();
             EventManager.get().post(new WalletNodesChangedEvent(wallet));
+
+            //It is necessary to save the past wallet because the actual copying of the past labels only occurs on a later ConnectionEvent with bwt
+            //The savedPastWallet variable can be removed once bwt supports dynamic loading of wallets without needing to disconnect/reconnect
+            if(Config.get().getServerType() == ServerType.BITCOIN_CORE) {
+                savedPastWallet = event.getPastWallet();
+            }
+
             refreshHistory(AppServices.getCurrentBlockHeight(), event.getPastWallet());
         }
     }
@@ -259,7 +269,8 @@ public class WalletForm {
 
     @Subscribe
     public void connected(ConnectionEvent event) {
-        refreshHistory(event.getBlockHeight(), null);
+        refreshHistory(event.getBlockHeight(), savedPastWallet);
+        savedPastWallet = null;
     }
 
     @Subscribe
diff --git a/src/main/resources/com/sparrowwallet/sparrow/app.fxml b/src/main/resources/com/sparrowwallet/sparrow/app.fxml
index 9eaec982..6d211e83 100644
--- a/src/main/resources/com/sparrowwallet/sparrow/app.fxml
+++ b/src/main/resources/com/sparrowwallet/sparrow/app.fxml
@@ -22,7 +22,7 @@
                                 <MenuItem text="File..." onAction="#openTransactionFromFile" accelerator="Shortcut+F"/>
                                 <MenuItem fx:id="openTransactionIdItem" text="From ID..." onAction="#openTransactionFromId" accelerator="Shortcut+I"/>
                                 <MenuItem text="From Text..." onAction="#openTransactionFromText" accelerator="Shortcut+T"/>
-                                <MenuItem text="From QR..." onAction="#openTransactionFromQR" accelerator="Shortcut+R"/>
+                                <MenuItem text="From QR..." onAction="#openTransactionFromQR" accelerator="Shortcut+U"/>
                                 <!-- <MenuItem text="Examples" onAction="#openExamples"/> -->
                             </items>
                         </Menu>
@@ -82,6 +82,8 @@
                         <CheckMenuItem fx:id="openWalletsInNewWindows" mnemonicParsing="false" text="Open Wallets in New Windows" onAction="#openWalletsInNewWindows"/>
                         <CheckMenuItem fx:id="hideEmptyUsedAddresses" mnemonicParsing="false" text="Hide Empty Used Addresses" onAction="#hideEmptyUsedAddresses"/>
                         <CheckMenuItem fx:id="showTxHex" mnemonicParsing="false" text="Show Transaction Hex" onAction="#showTxHex"/>
+                        <SeparatorMenuItem />
+                        <MenuItem fx:id="refreshWallet" mnemonicParsing="false" text="Refresh Wallet" accelerator="Shortcut+R" onAction="#refreshWallet"/>
                     </items>
                 </Menu>
                 <Menu fx:id="toolsMenu" mnemonicParsing="false" text="Tools">