diff --git a/packages/shared/lib/wallet.ts b/packages/shared/lib/wallet.ts
index 90d57f0f8e7..455e7c32c9f 100644
--- a/packages/shared/lib/wallet.ts
+++ b/packages/shared/lib/wallet.ts
@@ -290,7 +290,7 @@ export const updateAccountAfterBalanceChange = (
 
                 return Object.assign<WalletAccount, Partial<WalletAccount>, Partial<WalletAccount>>({} as WalletAccount, storedAccount, {
                     rawIotaBalance,
-                    balance: formatUnit(rawIotaBalance, 0),
+                    balance: formatUnit(rawIotaBalance, 2),
                     balanceEquiv: `${convertToFiat(
                         rawIotaBalance,
                         get(currencies)[CurrencyTypes.USD],
diff --git a/packages/shared/routes/dashboard/wallet/Wallet.svelte b/packages/shared/routes/dashboard/wallet/Wallet.svelte
index e33b37d35a3..33b1e603e9b 100644
--- a/packages/shared/routes/dashboard/wallet/Wallet.svelte
+++ b/packages/shared/routes/dashboard/wallet/Wallet.svelte
@@ -115,7 +115,7 @@
             depositAddress,
             alias,
             rawIotaBalance: balance,
-            balance: formatUnit(balance, 0),
+            balance: formatUnit(balance, 2),
             balanceEquiv: `${convertToFiat(
                 balance,
                 $currencies[CurrencyTypes.USD],