diff --git a/migrate/walletdb2to3.js b/migrate/walletdb2to3.js
index a6b0f408..77bb238f 100644
--- a/migrate/walletdb2to3.js
+++ b/migrate/walletdb2to3.js
@@ -266,6 +266,7 @@ function walletFromRaw(data) {
   wallet.token = p.readBytes(32);
   wallet.tokenDepth = p.readU32();
   wallet.master = MasterKey.fromRaw(p.readVarBytes());
+  wallet.watchOnly = false;
   return wallet;
 }