diff --git a/blue_modules/storage-context.js b/blue_modules/storage-context.js
index db0523500..3e226f5d8 100644
--- a/blue_modules/storage-context.js
+++ b/blue_modules/storage-context.js
@@ -7,11 +7,13 @@ const BlueElectrum = require('./BlueElectrum');
 
 const _lastTimeTriedToRefetchWallet = {}; // hashmap of timestamps we _started_ refetching some wallet
 
+export const WalletTransactionsStatus = { NONE: false, ALL: true };
 export const BlueStorageContext = createContext();
 export const BlueStorageProvider = ({ children }) => {
   const [wallets, setWallets] = useState([]);
   const [pendingWallets, setPendingWallets] = useState([]);
   const [selectedWallet, setSelectedWallet] = useState('');
+  const [walletTransactionUpdateStatus, setWalletTransactionUpdateStatus] = useState(WalletTransactionsStatus.NONE);
   const [walletsInitialized, setWalletsInitialized] = useState(false);
   const [preferredFiatCurrency, _setPreferredFiatCurrency] = useState();
   const [language, _setLanguage] = useState();
@@ -80,9 +82,12 @@ export const BlueStorageProvider = ({ children }) => {
     saveToDisk();
   };
 
-  const refreshAllWalletTransactions = async lastSnappedTo => {
+  const refreshAllWalletTransactions = async (lastSnappedTo, showUpdateStatusIndicator = true) => {
     let noErr = true;
     try {
+      if (showUpdateStatusIndicator) {
+        setWalletTransactionUpdateStatus(WalletTransactionsStatus.ALL);
+      }
       await BlueElectrum.waitTillConnected();
       const balanceStart = +new Date();
       await fetchWalletBalances(lastSnappedTo);
@@ -95,6 +100,8 @@ export const BlueStorageProvider = ({ children }) => {
     } catch (err) {
       noErr = false;
       console.warn(err);
+    } finally {
+      setWalletTransactionUpdateStatus(WalletTransactionsStatus.NONE);
     }
     if (noErr) await saveToDisk(); // caching
   };
@@ -104,6 +111,7 @@ export const BlueStorageProvider = ({ children }) => {
     let noErr = true;
     try {
       // 5sec debounce:
+      setWalletTransactionUpdateStatus(walletID);
       if (+new Date() - _lastTimeTriedToRefetchWallet[walletID] < 5000) {
         console.log('re-fetch wallet happens too fast; NOP');
         return;
@@ -122,6 +130,8 @@ export const BlueStorageProvider = ({ children }) => {
     } catch (err) {
       noErr = false;
       console.warn(err);
+    } finally {
+      setWalletTransactionUpdateStatus(WalletTransactionsStatus.NONE);
     }
     if (noErr) await saveToDisk(); // caching
   };
@@ -207,6 +217,8 @@ export const BlueStorageProvider = ({ children }) => {
         language,
         isHandOffUseEnabled,
         setIsHandOffUseEnabledAsyncStorage,
+        walletTransactionUpdateStatus,
+        setWalletTransactionUpdateStatus,
       }}
     >
       {children}
diff --git a/components/WalletsCarousel.js b/components/WalletsCarousel.js
index d1a5b0e7f..20eeb8503 100644
--- a/components/WalletsCarousel.js
+++ b/components/WalletsCarousel.js
@@ -127,6 +127,7 @@ const iStyles = StyleSheet.create({
 const WalletCarouselItem = ({ item, index, onPress, handleLongPress, isSelectedWallet }) => {
   const scaleValue = new Animated.Value(1.0);
   const { colors } = useTheme();
+  const { walletTransactionUpdateStatus } = useContext(BlueStorageContext);
 
   const onPressedIn = () => {
     const props = { duration: 50 };
@@ -203,6 +204,15 @@ const WalletCarouselItem = ({ item, index, onPress, handleLongPress, isSelectedW
       image = require('../img/btc-shape.png');
   }
 
+  const latestTransactionText =
+    walletTransactionUpdateStatus === true || walletTransactionUpdateStatus === item.getID()
+      ? loc.transactions.updating
+      : item.getBalance() !== 0 && item.getLatestTransactionTime() === 0
+      ? loc.wallets.pull_to_refresh
+      : item.getTransactions().find(tx => tx.confirmations === 0)
+      ? loc.transactions.pending
+      : transactionTimeToReadable(item.getLatestTransactionTime());
+
   return (
     <Animated.View
       style={[iStyles.root, { opacity, transform: [{ scale: scaleValue }] }]}
@@ -238,12 +248,9 @@ const WalletCarouselItem = ({ item, index, onPress, handleLongPress, isSelectedW
           <Text numberOfLines={1} style={[iStyles.latestTx, { color: colors.inverseForegroundColor }]}>
             {loc.wallets.list_latest_transaction}
           </Text>
+
           <Text numberOfLines={1} style={[iStyles.latestTxTime, { color: colors.inverseForegroundColor }]}>
-            {item.getBalance() !== 0 && item.getLatestTransactionTime() === 0
-              ? loc.wallets.pull_to_refresh
-              : item.getTransactions().find(tx => tx.confirmations === 0)
-              ? loc.transactions.pending.toLowerCase()
-              : transactionTimeToReadable(item.getLatestTransactionTime())}
+            {latestTransactionText}
           </Text>
         </LinearGradient>
       </TouchableWithoutFeedback>
diff --git a/loc/en.json b/loc/en.json
index 471a80db3..b28c75104 100644
--- a/loc/en.json
+++ b/loc/en.json
@@ -355,7 +355,8 @@
     "status_bump": "Bump Fee",
     "status_cancel": "Cancel Transaction",
     "transactions_count": "Transactions Count",
-    "txid": "Txid"
+    "txid": "Txid",
+    "updating": "Updating..."
   },
   "wallets": {
     "add_bitcoin": "Bitcoin",
diff --git a/screen/wallets/list.js b/screen/wallets/list.js
index 21564b929..c9740be09 100644
--- a/screen/wallets/list.js
+++ b/screen/wallets/list.js
@@ -139,13 +139,13 @@ const WalletsList = () => {
    * Forcefully fetches TXs and balance for ALL wallets.
    * Triggered manually by user on pull-to-refresh.
    */
-  const refreshTransactions = (showLoadingIndicator = true) => {
+  const refreshTransactions = (showLoadingIndicator = true, showUpdateStatusIndicator = false) => {
     setIsLoading(showLoadingIndicator);
-    refreshAllWalletTransactions().finally(() => setIsLoading(false));
+    refreshAllWalletTransactions(showLoadingIndicator, showUpdateStatusIndicator).finally(() => setIsLoading(false));
   };
 
   useEffect(() => {
-    refreshTransactions(false);
+    refreshTransactions(false, true);
     // eslint-disable-next-line react-hooks/exhaustive-deps
   }, []); // call refreshTransactions() only once, when screen mounts
 
@@ -194,7 +194,7 @@ const WalletsList = () => {
     console.log('onSnapToItem', index);
     if (wallets[index] && (wallets[index].timeToRefreshBalance() || wallets[index].timeToRefreshTransaction())) {
       console.log(wallets[index].getLabel(), 'thinks its time to refresh either balance or transactions. refetching both');
-      refreshAllWalletTransactions(index).finally(() => setIsLoading(false));
+      refreshAllWalletTransactions(index, false).finally(() => setIsLoading(false));
     }
   };
 
@@ -432,12 +432,16 @@ const WalletsList = () => {
     setItemWidth(width * 0.82 > 375 ? 375 : width * 0.82);
   };
 
+  const onRefresh = () => {
+    refreshTransactions(true, false);
+  };
+
   return (
     <View style={styles.root} onLayout={onLayout}>
       <StatusBar barStyle="default" />
       <View style={[styles.walletsListWrapper, stylesHook.walletsListWrapper]}>
         <SectionList
-          onRefresh={refreshTransactions}
+          onRefresh={onRefresh}
           refreshing={isLoading}
           renderItem={renderSectionItem}
           keyExtractor={sectionListKeyExtractor}
diff --git a/screen/wallets/transactions.js b/screen/wallets/transactions.js
index ee8733984..c02915019 100644
--- a/screen/wallets/transactions.js
+++ b/screen/wallets/transactions.js
@@ -48,7 +48,7 @@ const buttonFontSize =
     : PixelRatio.roundToNearestPixel(Dimensions.get('window').width / 26);
 
 const WalletTransactions = () => {
-  const { wallets, saveToDisk, setSelectedWallet } = useContext(BlueStorageContext);
+  const { wallets, saveToDisk, setSelectedWallet, walletTransactionUpdateStatus } = useContext(BlueStorageContext);
   const [isLoading, setIsLoading] = useState(false);
   const [isManageFundsModalVisible, setIsManageFundsModalVisible] = useState(false);
   const { walletID } = useRoute().params;
@@ -112,6 +112,11 @@ const WalletTransactions = () => {
     // eslint-disable-next-line react-hooks/exhaustive-deps
   }, []);
 
+  useEffect(() => {
+    setOptions({ headerTitle: walletTransactionUpdateStatus === walletID ? loc.transactions.updating : '' });
+    // eslint-disable-next-line react-hooks/exhaustive-deps
+  }, [walletTransactionUpdateStatus]);
+
   useEffect(() => {
     setIsLoading(true);
     setLimit(15);