diff --git a/src/wallet/wallet.cpp b/src/wallet/wallet.cpp
index cb81ec37f5..080bfffd5f 100644
--- a/src/wallet/wallet.cpp
+++ b/src/wallet/wallet.cpp
@@ -4114,11 +4114,6 @@ int CMerkleTx::GetBlocksToMaturity() const
 
 bool CWalletTx::AcceptToMemoryPool(const CAmount& nAbsurdFee, CValidationState& state)
 {
-    // Quick check to avoid re-setting fInMempool to false
-    if (mempool.exists(tx->GetHash())) {
-        return false;
-    }
-
     // We must set fInMempool here - while it will be re-set to true by the
     // entered-mempool callback, if we did not there would be a race where a
     // user could call sendmoney in a loop and hit spurious out of funds errors
@@ -4126,6 +4121,6 @@ bool CWalletTx::AcceptToMemoryPool(const CAmount& nAbsurdFee, CValidationState&
     // unavailable as we're not yet aware its in mempool.
     bool ret = ::AcceptToMemoryPool(mempool, state, tx, nullptr /* pfMissingInputs */,
                                 nullptr /* plTxnReplaced */, false /* bypass_limits */, nAbsurdFee);
-    fInMempool = ret;
+    fInMempool |= ret;
     return ret;
 }