diff --git a/CHANGELOG.md b/CHANGELOG.md
index 83c83108b..6805998db 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -8,6 +8,12 @@ can and probably will change functionality and break backwards compatability
 at anytime.
 
 ## [Unreleased]
+
+## [0.20.3] - 2018-07-20
+### Changed
+* Additional information added to the balance error message when editing a claim.
+(https://github.com/lbryio/lbry/pull/1309)
+
 ### Security
   *
   *
diff --git a/lbrynet/daemon/Daemon.py b/lbrynet/daemon/Daemon.py
index 3d1681cc7..ca5127744 100644
--- a/lbrynet/daemon/Daemon.py
+++ b/lbrynet/daemon/Daemon.py
@@ -1873,8 +1873,10 @@ class Daemon(AuthJSONRPCServer):
                 .   format(MAX_UPDATE_FEE_ESTIMATE - balance))
             elif amount > max_bid_amount:
                 raise InsufficientFundsError(
-                    "Please lower the bid value, the maximum amount you can specify for this channel is {}"
-                    .format(max_bid_amount))
+                    "Please wait for any pending bids to resolve or lower the bid value. "
+                    "Currently the maximum amount you can specify for this channel is {}"
+                    .format(max_bid_amount)
+                )
 
         result = yield self.session.wallet.claim_new_channel(channel_name, amount)
         self.analytics_manager.send_new_channel()