diff --git a/src/Makefile.qt.include b/src/Makefile.qt.include
index 28d7053fc..1ea039adb 100644
--- a/src/Makefile.qt.include
+++ b/src/Makefile.qt.include
@@ -233,6 +233,9 @@ RES_ICONS = \
   qt/res/icons/editcopy.png \
   qt/res/icons/editpaste.png \
   qt/res/icons/export.png \
+  qt/res/icons/eye.png \
+  qt/res/icons/eye_minus.png \
+  qt/res/icons/eye_plus.png \
   qt/res/icons/filesave.png \
   qt/res/icons/history.png \
   qt/res/icons/key.png \
diff --git a/src/keystore.cpp b/src/keystore.cpp
index c6322eadc..72ae9b0a3 100644
--- a/src/keystore.cpp
+++ b/src/keystore.cpp
@@ -72,3 +72,9 @@ bool CBasicKeyStore::HaveWatchOnly(const CScript &dest) const
     LOCK(cs_KeyStore);
     return setWatchOnly.count(dest) > 0;
 }
+
+bool CBasicKeyStore::HaveWatchOnly() const
+{
+    LOCK(cs_KeyStore);
+    return (!setWatchOnly.empty());
+}
diff --git a/src/keystore.h b/src/keystore.h
index 6a3a0dc13..7aaf197cd 100644
--- a/src/keystore.h
+++ b/src/keystore.h
@@ -41,6 +41,7 @@ public:
     // Support for Watch-only addresses
     virtual bool AddWatchOnly(const CScript &dest) =0;
     virtual bool HaveWatchOnly(const CScript &dest) const =0;
+    virtual bool HaveWatchOnly() const =0;
 };
 
 typedef std::map<CKeyID, CKey> KeyMap;
@@ -98,6 +99,7 @@ public:
 
     virtual bool AddWatchOnly(const CScript &dest);
     virtual bool HaveWatchOnly(const CScript &dest) const;
+    virtual bool HaveWatchOnly() const;
 };
 
 typedef std::vector<unsigned char, secure_allocator<unsigned char> > CKeyingMaterial;
diff --git a/src/qt/bitcoin.qrc b/src/qt/bitcoin.qrc
index 6dba62035..42bb091e2 100644
--- a/src/qt/bitcoin.qrc
+++ b/src/qt/bitcoin.qrc
@@ -17,6 +17,9 @@
         <file alias="transaction_3">res/icons/clock3.png</file>
         <file alias="transaction_4">res/icons/clock4.png</file>
         <file alias="transaction_5">res/icons/clock5.png</file>
+        <file alias="eye">res/icons/eye.png</file>
+        <file alias="eye_minus">res/icons/eye_minus.png</file>
+        <file alias="eye_plus">res/icons/eye_plus.png</file>
         <file alias="options">res/icons/configure.png</file>
         <file alias="receiving_addresses">res/icons/receive.png</file>
         <file alias="editpaste">res/icons/editpaste.png</file>
diff --git a/src/qt/overviewpage.cpp b/src/qt/overviewpage.cpp
index b5a3de48c..15501b8a8 100644
--- a/src/qt/overviewpage.cpp
+++ b/src/qt/overviewpage.cpp
@@ -57,7 +57,15 @@ public:
         }
 
         painter->setPen(foreground);
-        painter->drawText(addressRect, Qt::AlignLeft|Qt::AlignVCenter, address);
+        QRect boundingRect;
+        painter->drawText(addressRect, Qt::AlignLeft|Qt::AlignVCenter, address, &boundingRect);
+
+        if (index.data(TransactionTableModel::WatchonlyRole).toBool())
+        {
+            QIcon iconWatchonly = qvariant_cast<QIcon>(index.data(TransactionTableModel::WatchonlyDecorationRole));
+            QRect watchonlyRect(boundingRect.right() + 5, mainRect.top()+ypad+halfheight, 16, halfheight);
+            iconWatchonly.paint(painter, watchonlyRect);
+        }
 
         if(amount < 0)
         {
@@ -160,18 +168,25 @@ void OverviewPage::setBalance(qint64 balance, qint64 unconfirmedBalance, qint64
     // for the non-mining users
     bool showImmature = immatureBalance != 0;
     bool showWatchOnlyImmature = watchImmatureBalance != 0;
-    bool showWatchOnly = (watchOnlyBalance != 0 || watchUnconfBalance != 0 || showWatchOnlyImmature);
 
     // for symmetry reasons also show immature label when the watch-only one is shown
     ui->labelImmature->setVisible(showImmature || showWatchOnlyImmature);
     ui->labelImmatureText->setVisible(showImmature || showWatchOnlyImmature);
-    ui->labelSpendable->setVisible(showWatchOnly);              // show spendable label (only when watch-only is active)
-    ui->labelWatchonly->setVisible(showWatchOnly);              // show watch-only label
-    ui->lineWatchBalance->setVisible(showWatchOnly);            // show watch-only balance separator line
-    ui->labelWatchAvailable->setVisible(showWatchOnly);         // show watch-only available balance
     ui->labelWatchImmature->setVisible(showWatchOnlyImmature);  // show watch-only immature balance
-    ui->labelWatchPending->setVisible(showWatchOnly);           // show watch-only pending balance
-    ui->labelWatchTotal->setVisible(showWatchOnly);             // show watch-only total balance
+}
+
+// show/hide watch-only labels
+void OverviewPage::updateWatchOnlyLabels(bool showWatchOnly)
+{
+    ui->labelSpendable->setVisible(showWatchOnly);      // show spendable label (only when watch-only is active)
+    ui->labelWatchonly->setVisible(showWatchOnly);      // show watch-only label
+    ui->lineWatchBalance->setVisible(showWatchOnly);    // show watch-only balance separator line
+    ui->labelWatchAvailable->setVisible(showWatchOnly); // show watch-only available balance
+    ui->labelWatchPending->setVisible(showWatchOnly);   // show watch-only pending balance
+    ui->labelWatchTotal->setVisible(showWatchOnly);     // show watch-only total balance
+
+    if (!showWatchOnly)
+        ui->labelWatchImmature->hide();
 }
 
 void OverviewPage::setClientModel(ClientModel *model)
@@ -208,6 +223,9 @@ void OverviewPage::setWalletModel(WalletModel *model)
         connect(model, SIGNAL(balanceChanged(qint64, qint64, qint64, qint64, qint64, qint64)), this, SLOT(setBalance(qint64, qint64, qint64, qint64, qint64, qint64)));
 
         connect(model->getOptionsModel(), SIGNAL(displayUnitChanged(int)), this, SLOT(updateDisplayUnit()));
+
+        updateWatchOnlyLabels(model->haveWatchOnly());
+        connect(model, SIGNAL(notifyWatchonlyChanged(bool)), this, SLOT(updateWatchOnlyLabels(bool)));
     }
 
     // update the display unit, to not use the default ("BTC")
diff --git a/src/qt/overviewpage.h b/src/qt/overviewpage.h
index fe0010677..f46374efb 100644
--- a/src/qt/overviewpage.h
+++ b/src/qt/overviewpage.h
@@ -58,6 +58,7 @@ private slots:
     void updateDisplayUnit();
     void handleTransactionClicked(const QModelIndex &index);
     void updateAlerts(const QString &warnings);
+    void updateWatchOnlyLabels(bool showWatchOnly);
 };
 
 #endif // OVERVIEWPAGE_H
diff --git a/src/qt/res/icons/eye.png b/src/qt/res/icons/eye.png
new file mode 100644
index 000000000..c4d182adb
Binary files /dev/null and b/src/qt/res/icons/eye.png differ
diff --git a/src/qt/res/icons/eye_minus.png b/src/qt/res/icons/eye_minus.png
new file mode 100644
index 000000000..08b048eae
Binary files /dev/null and b/src/qt/res/icons/eye_minus.png differ
diff --git a/src/qt/res/icons/eye_plus.png b/src/qt/res/icons/eye_plus.png
new file mode 100644
index 000000000..4ad653156
Binary files /dev/null and b/src/qt/res/icons/eye_plus.png differ
diff --git a/src/qt/transactionfilterproxy.cpp b/src/qt/transactionfilterproxy.cpp
index f9546fddb..6ab029173 100644
--- a/src/qt/transactionfilterproxy.cpp
+++ b/src/qt/transactionfilterproxy.cpp
@@ -22,6 +22,7 @@ TransactionFilterProxy::TransactionFilterProxy(QObject *parent) :
     dateTo(MAX_DATE),
     addrPrefix(),
     typeFilter(ALL_TYPES),
+    watchOnlyFilter(WatchOnlyFilter_All),
     minAmount(0),
     limitRows(-1),
     showInactive(true)
@@ -34,6 +35,7 @@ bool TransactionFilterProxy::filterAcceptsRow(int sourceRow, const QModelIndex &
 
     int type = index.data(TransactionTableModel::TypeRole).toInt();
     QDateTime datetime = index.data(TransactionTableModel::DateRole).toDateTime();
+    bool involvesWatchAddress = index.data(TransactionTableModel::WatchonlyRole).toBool();
     QString address = index.data(TransactionTableModel::AddressRole).toString();
     QString label = index.data(TransactionTableModel::LabelRole).toString();
     qint64 amount = llabs(index.data(TransactionTableModel::AmountRole).toLongLong());
@@ -43,6 +45,10 @@ bool TransactionFilterProxy::filterAcceptsRow(int sourceRow, const QModelIndex &
         return false;
     if(!(TYPE(type) & typeFilter))
         return false;
+    if (involvesWatchAddress && watchOnlyFilter == WatchOnlyFilter_No)
+        return false;
+    if (!involvesWatchAddress && watchOnlyFilter == WatchOnlyFilter_Yes)
+        return false;
     if(datetime < dateFrom || datetime > dateTo)
         return false;
     if (!address.contains(addrPrefix, Qt::CaseInsensitive) && !label.contains(addrPrefix, Qt::CaseInsensitive))
@@ -78,6 +84,12 @@ void TransactionFilterProxy::setMinAmount(qint64 minimum)
     invalidateFilter();
 }
 
+void TransactionFilterProxy::setWatchOnlyFilter(WatchOnlyFilter filter)
+{
+    this->watchOnlyFilter = filter;
+    invalidateFilter();
+}
+
 void TransactionFilterProxy::setLimit(int limit)
 {
     this->limitRows = limit;
diff --git a/src/qt/transactionfilterproxy.h b/src/qt/transactionfilterproxy.h
index 9919bc3fd..f408317b5 100644
--- a/src/qt/transactionfilterproxy.h
+++ b/src/qt/transactionfilterproxy.h
@@ -25,6 +25,13 @@ public:
 
     static quint32 TYPE(int type) { return 1<<type; }
 
+    enum WatchOnlyFilter
+    {
+        WatchOnlyFilter_All,
+        WatchOnlyFilter_Yes,
+        WatchOnlyFilter_No
+    };
+
     void setDateRange(const QDateTime &from, const QDateTime &to);
     void setAddressPrefix(const QString &addrPrefix);
     /**
@@ -32,6 +39,7 @@ public:
      */
     void setTypeFilter(quint32 modes);
     void setMinAmount(qint64 minimum);
+    void setWatchOnlyFilter(WatchOnlyFilter filter);
 
     /** Set maximum number of rows returned, -1 if unlimited. */
     void setLimit(int limit);
@@ -49,6 +57,7 @@ private:
     QDateTime dateTo;
     QString addrPrefix;
     quint32 typeFilter;
+    WatchOnlyFilter watchOnlyFilter;
     qint64 minAmount;
     int limitRows;
     bool showInactive;
diff --git a/src/qt/transactiontablemodel.cpp b/src/qt/transactiontablemodel.cpp
index 1647bc776..1a1f726bf 100644
--- a/src/qt/transactiontablemodel.cpp
+++ b/src/qt/transactiontablemodel.cpp
@@ -27,6 +27,7 @@
 // Amount column is right-aligned it contains numbers
 static int column_alignments[] = {
         Qt::AlignLeft|Qt::AlignVCenter, /* status */
+        Qt::AlignLeft|Qt::AlignVCenter, /* watchonly */
         Qt::AlignLeft|Qt::AlignVCenter, /* date */
         Qt::AlignLeft|Qt::AlignVCenter, /* type */
         Qt::AlignLeft|Qt::AlignVCenter, /* address */
@@ -234,7 +235,7 @@ TransactionTableModel::TransactionTableModel(CWallet* wallet, WalletModel *paren
         walletModel(parent),
         priv(new TransactionTablePriv(wallet, this))
 {
-    columns << QString() << tr("Date") << tr("Type") << tr("Address") << BitcoinUnits::getAmountColumnTitle(walletModel->getOptionsModel()->getDisplayUnit());
+    columns << QString() << QString() << tr("Date") << tr("Type") << tr("Address") << BitcoinUnits::getAmountColumnTitle(walletModel->getOptionsModel()->getDisplayUnit());
     priv->refreshWallet();
 
     connect(walletModel->getOptionsModel(), SIGNAL(displayUnitChanged(int)), this, SLOT(updateDisplayUnit()));
@@ -393,22 +394,19 @@ QVariant TransactionTableModel::txAddressDecoration(const TransactionRecord *wtx
 
 QString TransactionTableModel::formatTxToAddress(const TransactionRecord *wtx, bool tooltip) const
 {
-    // mark transactions involving watch-only addresses:
-    QString watchAddress = wtx->involvesWatchAddress ? " (w) " : "";
-
     switch(wtx->type)
     {
     case TransactionRecord::RecvFromOther:
-        return QString::fromStdString(wtx->address) + watchAddress;
+        return QString::fromStdString(wtx->address);
     case TransactionRecord::RecvWithAddress:
     case TransactionRecord::SendToAddress:
     case TransactionRecord::Generated:
-        return lookupAddress(wtx->address, tooltip) + watchAddress;
+        return lookupAddress(wtx->address, tooltip);
     case TransactionRecord::SendToOther:
-        return QString::fromStdString(wtx->address) + watchAddress;
+        return QString::fromStdString(wtx->address);
     case TransactionRecord::SendToSelf:
     default:
-        return tr("(n/a)") + watchAddress;
+        return tr("(n/a)");
     }
 }
 
@@ -482,6 +480,14 @@ QVariant TransactionTableModel::txStatusDecoration(const TransactionRecord *wtx)
     return QColor(0,0,0);
 }
 
+QVariant TransactionTableModel::txWatchonlyDecoration(const TransactionRecord *wtx) const
+{
+    if (wtx->involvesWatchAddress)
+        return QIcon(":/icons/eye");
+    else
+        return QVariant();
+}
+
 QString TransactionTableModel::formatTooltip(const TransactionRecord *rec) const
 {
     QString tooltip = formatTxStatus(rec) + QString("\n") + formatTxType(rec);
@@ -506,6 +512,8 @@ QVariant TransactionTableModel::data(const QModelIndex &index, int role) const
         {
         case Status:
             return txStatusDecoration(rec);
+        case Watchonly:
+            return txWatchonlyDecoration(rec);
         case ToAddress:
             return txAddressDecoration(rec);
         }
@@ -533,6 +541,8 @@ QVariant TransactionTableModel::data(const QModelIndex &index, int role) const
             return rec->time;
         case Type:
             return formatTxType(rec);
+        case Watchonly:
+            return (rec->involvesWatchAddress ? 1 : 0);
         case ToAddress:
             return formatTxToAddress(rec, true);
         case Amount:
@@ -562,6 +572,10 @@ QVariant TransactionTableModel::data(const QModelIndex &index, int role) const
         return rec->type;
     case DateRole:
         return QDateTime::fromTime_t(static_cast<uint>(rec->time));
+    case WatchonlyRole:
+        return rec->involvesWatchAddress;
+    case WatchonlyDecorationRole:
+        return txWatchonlyDecoration(rec);
     case LongDescriptionRole:
         return priv->describe(rec, walletModel->getOptionsModel()->getDisplayUnit());
     case AddressRole:
@@ -606,6 +620,8 @@ QVariant TransactionTableModel::headerData(int section, Qt::Orientation orientat
                 return tr("Date and time that the transaction was received.");
             case Type:
                 return tr("Type of transaction.");
+            case Watchonly:
+                return tr("Whether or not a watch-only address is involved in this transaction.");
             case ToAddress:
                 return tr("Destination address of transaction.");
             case Amount:
diff --git a/src/qt/transactiontablemodel.h b/src/qt/transactiontablemodel.h
index 2124d3dd1..413f3f9bf 100644
--- a/src/qt/transactiontablemodel.h
+++ b/src/qt/transactiontablemodel.h
@@ -28,10 +28,11 @@ public:
 
     enum ColumnIndex {
         Status = 0,
-        Date = 1,
-        Type = 2,
-        ToAddress = 3,
-        Amount = 4
+        Watchonly = 1,
+        Date = 2,
+        Type = 3,
+        ToAddress = 4,
+        Amount = 5
     };
 
     /** Roles to get specific information from a transaction row.
@@ -42,6 +43,10 @@ public:
         TypeRole = Qt::UserRole,
         /** Date and time this transaction was created */
         DateRole,
+        /** Watch-only boolean */
+        WatchonlyRole,
+        /** Watch-only icon */
+        WatchonlyDecorationRole,
         /** Long description (HTML format) */
         LongDescriptionRole,
         /** Address of transaction */
@@ -83,6 +88,7 @@ private:
     QString formatTxAmount(const TransactionRecord *wtx, bool showUnconfirmed=true, BitcoinUnits::SeparatorStyle separators=BitcoinUnits::separatorStandard) const;
     QString formatTooltip(const TransactionRecord *rec) const;
     QVariant txStatusDecoration(const TransactionRecord *wtx) const;
+    QVariant txWatchonlyDecoration(const TransactionRecord *wtx) const;
     QVariant txAddressDecoration(const TransactionRecord *wtx) const;
 
 public slots:
diff --git a/src/qt/transactionview.cpp b/src/qt/transactionview.cpp
index 7e8b71d8e..2d34d5812 100644
--- a/src/qt/transactionview.cpp
+++ b/src/qt/transactionview.cpp
@@ -51,6 +51,13 @@ TransactionView::TransactionView(QWidget *parent) :
     hlayout->addSpacing(23);
 #endif
 
+    watchOnlyWidget = new QComboBox(this);
+    watchOnlyWidget->setFixedWidth(24);
+    watchOnlyWidget->addItem("", TransactionFilterProxy::WatchOnlyFilter_All);
+    watchOnlyWidget->addItem(QIcon(":/icons/eye_plus"), "", TransactionFilterProxy::WatchOnlyFilter_Yes);
+    watchOnlyWidget->addItem(QIcon(":/icons/eye_minus"), "", TransactionFilterProxy::WatchOnlyFilter_No);
+    hlayout->addWidget(watchOnlyWidget);
+
     dateWidget = new QComboBox(this);
 #ifdef Q_OS_MAC
     dateWidget->setFixedWidth(121);
@@ -150,6 +157,7 @@ TransactionView::TransactionView(QWidget *parent) :
 
     connect(dateWidget, SIGNAL(activated(int)), this, SLOT(chooseDate(int)));
     connect(typeWidget, SIGNAL(activated(int)), this, SLOT(chooseType(int)));
+    connect(watchOnlyWidget, SIGNAL(activated(int)), this, SLOT(chooseWatchonly(int)));
     connect(addressWidget, SIGNAL(textChanged(QString)), this, SLOT(changedPrefix(QString)));
     connect(amountWidget, SIGNAL(textChanged(QString)), this, SLOT(changedAmount(QString)));
 
@@ -187,6 +195,7 @@ void TransactionView::setModel(WalletModel *model)
         transactionView->verticalHeader()->hide();
 
         transactionView->setColumnWidth(TransactionTableModel::Status, STATUS_COLUMN_WIDTH);
+        transactionView->setColumnWidth(TransactionTableModel::Watchonly, WATCHONLY_COLUMN_WIDTH);
         transactionView->setColumnWidth(TransactionTableModel::Date, DATE_COLUMN_WIDTH);
         transactionView->setColumnWidth(TransactionTableModel::Type, TYPE_COLUMN_WIDTH);
         transactionView->setColumnWidth(TransactionTableModel::Amount, AMOUNT_MINIMUM_COLUMN_WIDTH);
@@ -211,6 +220,12 @@ void TransactionView::setModel(WalletModel *model)
                 }
             }
         }
+
+        // show/hide column Watch-only
+        updateWatchOnlyColumn(model->haveWatchOnly());
+
+        // Watch-only signal
+        connect(model, SIGNAL(notifyWatchonlyChanged(bool)), this, SLOT(updateWatchOnlyColumn(bool)));
     }
 }
 
@@ -270,6 +285,14 @@ void TransactionView::chooseType(int idx)
         typeWidget->itemData(idx).toInt());
 }
 
+void TransactionView::chooseWatchonly(int idx)
+{
+    if(!transactionProxyModel)
+        return;
+    transactionProxyModel->setWatchOnlyFilter(
+        (TransactionFilterProxy::WatchOnlyFilter)watchOnlyWidget->itemData(idx).toInt());
+}
+
 void TransactionView::changedPrefix(const QString &prefix)
 {
     if(!transactionProxyModel)
@@ -307,6 +330,8 @@ void TransactionView::exportClicked()
     // name, column, role
     writer.setModel(transactionProxyModel);
     writer.addColumn(tr("Confirmed"), 0, TransactionTableModel::ConfirmedRole);
+    if (model && model->haveWatchOnly())
+        writer.addColumn(tr("Watchonly"), TransactionTableModel::Watchonly);
     writer.addColumn(tr("Date"), 0, TransactionTableModel::DateRole);
     writer.addColumn(tr("Type"), TransactionTableModel::Type, Qt::EditRole);
     writer.addColumn(tr("Label"), 0, TransactionTableModel::LabelRole);
@@ -501,3 +526,10 @@ bool TransactionView::eventFilter(QObject *obj, QEvent *event)
     }
     return QWidget::eventFilter(obj, event);
 }
+
+// show/hide column Watch-only
+void TransactionView::updateWatchOnlyColumn(bool fHaveWatchOnly)
+{
+    watchOnlyWidget->setVisible(fHaveWatchOnly);
+    transactionView->setColumnHidden(TransactionTableModel::Watchonly, !fHaveWatchOnly);
+}
diff --git a/src/qt/transactionview.h b/src/qt/transactionview.h
index 618efbc56..b249e0041 100644
--- a/src/qt/transactionview.h
+++ b/src/qt/transactionview.h
@@ -50,6 +50,7 @@ public:
 
     enum ColumnWidths {
         STATUS_COLUMN_WIDTH = 23,
+        WATCHONLY_COLUMN_WIDTH = 23,
         DATE_COLUMN_WIDTH = 120,
         TYPE_COLUMN_WIDTH = 120,
         AMOUNT_MINIMUM_COLUMN_WIDTH = 120,
@@ -63,6 +64,7 @@ private:
 
     QComboBox *dateWidget;
     QComboBox *typeWidget;
+    QComboBox *watchOnlyWidget;
     QLineEdit *addressWidget;
     QLineEdit *amountWidget;
 
@@ -91,6 +93,7 @@ private slots:
     void copyAmount();
     void copyTxID();
     void openThirdPartyTxUrl(QString url);
+    void updateWatchOnlyColumn(bool fHaveWatchOnly);
 
 signals:
     void doubleClicked(const QModelIndex&);
@@ -101,6 +104,7 @@ signals:
 public slots:
     void chooseDate(int idx);
     void chooseType(int idx);
+    void chooseWatchonly(int idx);
     void changedPrefix(const QString &prefix);
     void changedAmount(const QString &amount);
     void exportClicked();
diff --git a/src/qt/walletmodel.cpp b/src/qt/walletmodel.cpp
index c5f8fb6a9..92c22f569 100644
--- a/src/qt/walletmodel.cpp
+++ b/src/qt/walletmodel.cpp
@@ -35,6 +35,7 @@ WalletModel::WalletModel(CWallet *wallet, OptionsModel *optionsModel, QObject *p
     cachedNumBlocks(0)
 {
     fProcessingQueuedTransactions = false;
+    fHaveWatchOnly = wallet->HaveWatchOnly();
 
     addressTableModel = new AddressTableModel(wallet, this);
     transactionTableModel = new TransactionTableModel(wallet, this);
@@ -80,6 +81,11 @@ qint64 WalletModel::getImmatureBalance() const
     return wallet->GetImmatureBalance();
 }
 
+bool WalletModel::haveWatchOnly() const
+{
+    return fHaveWatchOnly;
+}
+
 qint64 WalletModel::getWatchBalance() const
 {
     return wallet->GetWatchOnlyBalance();
@@ -131,9 +137,15 @@ void WalletModel::checkBalanceChanged()
     qint64 newBalance = getBalance();
     qint64 newUnconfirmedBalance = getUnconfirmedBalance();
     qint64 newImmatureBalance = getImmatureBalance();
-    qint64 newWatchOnlyBalance = getWatchBalance();
-    qint64 newWatchUnconfBalance = getWatchUnconfirmedBalance();
-    qint64 newWatchImmatureBalance = getWatchImmatureBalance();
+    qint64 newWatchOnlyBalance = 0;
+    qint64 newWatchUnconfBalance = 0;
+    qint64 newWatchImmatureBalance = 0;
+    if (haveWatchOnly())
+    {
+        newWatchOnlyBalance = getWatchBalance();
+        newWatchUnconfBalance = getWatchUnconfirmedBalance();
+        newWatchImmatureBalance = getWatchImmatureBalance();
+    }
 
     if(cachedBalance != newBalance || cachedUnconfirmedBalance != newUnconfirmedBalance || cachedImmatureBalance != newImmatureBalance ||
         cachedWatchOnlyBalance != newWatchOnlyBalance || cachedWatchUnconfBalance != newWatchUnconfBalance || cachedWatchImmatureBalance != newWatchImmatureBalance)
@@ -165,6 +177,12 @@ void WalletModel::updateAddressBook(const QString &address, const QString &label
         addressTableModel->updateEntry(address, label, isMine, purpose, status);
 }
 
+void WalletModel::updateWatchOnlyFlag(bool fHaveWatchonly)
+{
+    fHaveWatchOnly = fHaveWatchonly;
+    emit notifyWatchonlyChanged(fHaveWatchonly);
+}
+
 bool WalletModel::validateAddress(const QString &address)
 {
     CBitcoinAddress addressParsed(address.toStdString());
@@ -479,6 +497,12 @@ static void ShowProgress(WalletModel *walletmodel, const std::string &title, int
     }
 }
 
+static void NotifyWatchonlyChanged(WalletModel *walletmodel, bool fHaveWatchonly)
+{
+    QMetaObject::invokeMethod(walletmodel, "updateWatchOnlyFlag", Qt::QueuedConnection,
+                              Q_ARG(bool, fHaveWatchonly));
+}
+
 void WalletModel::subscribeToCoreSignals()
 {
     // Connect signals to wallet
@@ -486,6 +510,7 @@ void WalletModel::subscribeToCoreSignals()
     wallet->NotifyAddressBookChanged.connect(boost::bind(NotifyAddressBookChanged, this, _1, _2, _3, _4, _5, _6));
     wallet->NotifyTransactionChanged.connect(boost::bind(NotifyTransactionChanged, this, _1, _2, _3));
     wallet->ShowProgress.connect(boost::bind(ShowProgress, this, _1, _2));
+    wallet->NotifyWatchonlyChanged.connect(boost::bind(NotifyWatchonlyChanged, this, _1));
 }
 
 void WalletModel::unsubscribeFromCoreSignals()
@@ -495,6 +520,7 @@ void WalletModel::unsubscribeFromCoreSignals()
     wallet->NotifyAddressBookChanged.disconnect(boost::bind(NotifyAddressBookChanged, this, _1, _2, _3, _4, _5, _6));
     wallet->NotifyTransactionChanged.disconnect(boost::bind(NotifyTransactionChanged, this, _1, _2, _3));
     wallet->ShowProgress.disconnect(boost::bind(ShowProgress, this, _1, _2));
+    wallet->NotifyWatchonlyChanged.disconnect(boost::bind(NotifyWatchonlyChanged, this, _1));
 }
 
 // WalletModel::UnlockContext implementation
diff --git a/src/qt/walletmodel.h b/src/qt/walletmodel.h
index 2a74a6aa7..b3a401e4c 100644
--- a/src/qt/walletmodel.h
+++ b/src/qt/walletmodel.h
@@ -128,6 +128,7 @@ public:
     qint64 getBalance(const CCoinControl *coinControl = NULL) const;
     qint64 getUnconfirmedBalance() const;
     qint64 getImmatureBalance() const;
+    bool haveWatchOnly() const;
     qint64 getWatchBalance() const;
     qint64 getWatchUnconfirmedBalance() const;
     qint64 getWatchImmatureBalance() const;
@@ -197,6 +198,7 @@ public:
 private:
     CWallet *wallet;
     bool fProcessingQueuedTransactions;
+    bool fHaveWatchOnly;
 
     // Wallet has an options model for wallet-specific options
     // (transaction fee, for example)
@@ -244,6 +246,9 @@ signals:
     // Show progress dialog e.g. for rescan
     void showProgress(const QString &title, int nProgress);
 
+    // Watch-only address added
+    void notifyWatchonlyChanged(bool fHaveWatchonly);
+
 public slots:
     /* Wallet status might have changed */
     void updateStatus();
@@ -251,6 +256,8 @@ public slots:
     void updateTransaction(const QString &hash, int status);
     /* New, updated or removed address book entry */
     void updateAddressBook(const QString &address, const QString &label, bool isMine, const QString &purpose, int status);
+    /* Watchonly added */
+    void updateWatchOnlyFlag(bool fHaveWatchonly);
     /* Current, immature or unconfirmed balance might have changed - emit 'balanceChanged' if so */
     void pollBalanceChanged();
     /* Needed to update fProcessingQueuedTransactions through a QueuedConnection */
diff --git a/src/wallet.cpp b/src/wallet.cpp
index 91f7eaa56..786b2f6a9 100644
--- a/src/wallet.cpp
+++ b/src/wallet.cpp
@@ -161,6 +161,7 @@ bool CWallet::AddWatchOnly(const CScript &dest)
     if (!CCryptoKeyStore::AddWatchOnly(dest))
         return false;
     nTimeFirstKey = 1; // No birthday information for watch-only keys.
+    NotifyWatchonlyChanged(true);
     if (!fFileBacked)
         return true;
     return CWalletDB(strWalletFile).WriteWatchOnly(dest);
diff --git a/src/wallet.h b/src/wallet.h
index bdb026472..052da2460 100644
--- a/src/wallet.h
+++ b/src/wallet.h
@@ -399,6 +399,9 @@ public:
 
     /** Show progress e.g. for rescan */
     boost::signals2::signal<void (const std::string &title, int nProgress)> ShowProgress;
+
+    /** Watch-only address added */
+    boost::signals2::signal<void (bool fHaveWatchOnly)> NotifyWatchonlyChanged;
 };
 
 /** A key allocated from the key pool. */