diff --git a/nym-wallet/src-tauri/src/wallet_storage/mod.rs b/nym-wallet/src-tauri/src/wallet_storage/mod.rs
index 092fe6dc83..862e23e682 100644
--- a/nym-wallet/src-tauri/src/wallet_storage/mod.rs
+++ b/nym-wallet/src-tauri/src/wallet_storage/mod.rs
@@ -153,6 +153,7 @@ pub(crate) fn remove_wallet_login_information_at_file(
 mod tests {
   use super::*;
   use config::defaults::COSMOS_DERIVATION_PATH;
+  use std::str::FromStr;
   use tempfile::tempdir;
 
   // I'm not 100% sure how to feel about having to touch the file system at all
@@ -308,4 +309,38 @@ mod tests {
     // The file should now be removed
     assert!(!wallet_file.exists());
   }
+
+  #[test]
+  fn decrypt_stored_wallet() {
+    const SAVED_WALLET: &str = "src/wallet_storage/test-data/saved-wallet.json";
+    let wallet_file = PathBuf::from(env!("CARGO_MANIFEST_DIR")).join(SAVED_WALLET);
+
+    let wallet = load_existing_wallet_at_file(wallet_file).unwrap();
+
+    let cosmos_hd_path: DerivationPath = COSMOS_DERIVATION_PATH.parse().unwrap();
+    let password = UserPassword::new("password".to_string());
+    let bad_password = UserPassword::new("bad-password".to_string());
+    let id1 = WalletAccountId::new("first".to_string());
+    let id2 = WalletAccountId::new("second".to_string());
+
+    assert!(!wallet.password_can_decrypt_all(&bad_password));
+    assert!(wallet.password_can_decrypt_all(&password));
+
+    let account1 = wallet.decrypt_account(&id1, &password).unwrap();
+    let account2 = wallet.decrypt_account(&id2, &password).unwrap();
+
+    let expected_account1 = bip39::Mnemonic::from_str("country mean universe text phone begin deputy reject result good cram illness common cluster proud swamp digital patrol spread bar face december base kick").unwrap();
+    let expected_account2 =  bip39::Mnemonic::from_str("home mansion start quiz dress decide hint second dragon sunny juice always steak real minimum art rival skin draw total pulp foot goddess agent").unwrap();
+
+    assert_eq!(account1.mnemonic(), &expected_account1);
+    assert_eq!(account2.mnemonic(), &expected_account2);
+
+    let StoredAccount::Mnemonic(ref mnemonic1) = account1;
+    assert_eq!(mnemonic1.mnemonic(), &expected_account1);
+    assert_eq!(mnemonic1.hd_path(), &cosmos_hd_path);
+
+    let StoredAccount::Mnemonic(ref mnemonic2) = account2;
+    assert_eq!(mnemonic2.mnemonic(), &expected_account2);
+    assert_eq!(mnemonic2.hd_path(), &cosmos_hd_path);
+  }
 }
diff --git a/nym-wallet/src-tauri/src/wallet_storage/test-data/saved-wallet.json b/nym-wallet/src-tauri/src/wallet_storage/test-data/saved-wallet.json
new file mode 100644
index 0000000000..2cf0288fbc
--- /dev/null
+++ b/nym-wallet/src-tauri/src/wallet_storage/test-data/saved-wallet.json
@@ -0,0 +1,21 @@
+{
+  "version": 1,
+  "accounts": [
+    {
+      "id": "first",
+      "account": {
+        "ciphertext": "icnpxLmr/H7FIIOaEf7DYNLuM6uhh7poEppXpYCllQD33TjY+8eLtVvhEQmjX60IQeFOd+1JCcrHa2B12vlBAYlfM4gBxA6d2ZJ8+Dw/vNvBNyChiyUx2euV3vPGOs22r/XDBsmEeF40XZcXftQZa2kzYaPnkbP+eiMOIWkcY4FYOEHwx5SxT4VBPZIrVTC3iDalJLWybVbbw/Bc2zbzEXI1ckg4Ccydj95SMil9BiyDpALfZqwlai7I97S+BjmcVxSCsYqFjTkRUHVMjrEr7fWHKU4DIOM=",
+        "salt": "CtnbfkxTybqz0U4cPHW2jQ==",
+        "iv": "77ZROU6dAMttEWwS"
+      }
+    },
+    {
+      "id": "second",
+      "account": {
+        "ciphertext": "nsqZHdQFlskglc5izKgnr8sBwdMmd82h2Rnjdos9EUca3cqkUdFYEjZDsK8OGR3GZ9alLTNt/1U97Rvvr2HPAWbzl23FW2YXaLTA6yj6ZwQK5w0MYE061NYbcxNHuzT9f5aQWkGULAk4RWb5t8eUX7y/NdJr3tA5xuGOLhooTfBB98/4RpupDsYGZp1DPC/GMFppOA3GmKs9bacZm805Bhfq5mwhXab1SjJQpFHMHisCMhxo/oLqulKML1tQMetBdqDTjJmPpdUnd1mi",
+        "salt": "J2TMLjKv4dkZ/kXso9FGhg==",
+        "iv": "CTqqoMa4LetvBKCP"
+      }
+    }
+  ]
+}
\ No newline at end of file