diff --git a/lib/daemon.py b/lib/daemon.py
index d85327681..02c13c53f 100644
--- a/lib/daemon.py
+++ b/lib/daemon.py
@@ -187,8 +187,11 @@ class Daemon(DaemonThread):
         storage = WalletStorage(path)
         if not storage.file_exists:
             return
-        if storage.requires_split() or storage.requires_upgrade() or storage.get_action():
+        if storage.requires_split() or storage.get_action():
             return
+        if self.requires_upgrade():
+            self.print_error('upgrading wallet format')
+            self.upgrade()
         wallet = Wallet(storage)
         wallet.start_threads(self.network)
         self.wallets[path] = wallet
diff --git a/lib/storage.py b/lib/storage.py
index f28415dee..21e392e01 100644
--- a/lib/storage.py
+++ b/lib/storage.py
@@ -60,9 +60,6 @@ class WalletStorage(PrintError):
         self.print_error("wallet path", self.path)
         if self.path:
             self.read(self.path)
-        if self.requires_upgrade():
-            self.print_error('upgrading wallet format')
-            self.upgrade()
         # check here if I need to load a plugin
         t = self.get('wallet_type')
         l = plugin_loaders.get(t)