diff --git a/torba/basemanager.py b/torba/basemanager.py
index 7ad728066..87422dcf5 100644
--- a/torba/basemanager.py
+++ b/torba/basemanager.py
@@ -25,11 +25,6 @@ class BaseWalletManager:
         for wallet_path in config.get('wallets', []):
             wallet_storage = WalletStorage(wallet_path)
             wallet = Wallet.from_storage(wallet_storage, manager)
-            if wallet.default_account is None:
-                ledger = manager.get_or_create_ledger('lbc_mainnet')
-                log.info('Wallet at %s is empty, generating a default account.', wallet_path)
-                wallet.generate_account(ledger)
-                wallet.save()
             manager.wallets.append(wallet)
         return manager