diff --git a/src/wallet/wallet.cpp b/src/wallet/wallet.cpp
index 3e000d2a9..880a6a8bd 100644
--- a/src/wallet/wallet.cpp
+++ b/src/wallet/wallet.cpp
@@ -1479,11 +1479,6 @@ CBlockIndex* CWallet::ScanForWalletTransactions(CBlockIndex* pindexStart, bool f
         fAbortRescan = false;
         fScanningWallet = true;
 
-        // no need to read and scan block, if block was created before
-        // our wallet birthday (as adjusted for block time variability)
-        while (pindex && nTimeFirstKey && (pindex->GetBlockTime() < (nTimeFirstKey - TIMESTAMP_WINDOW)))
-            pindex = chainActive.Next(pindex);
-
         ShowProgress(_("Rescanning..."), 0); // show rescan progress in GUI as dialog or on splashscreen, if -rescan on startup
         double dProgressStart = GuessVerificationProgress(chainParams.TxData(), pindex);
         double dProgressTip = GuessVerificationProgress(chainParams.TxData(), chainActive.Tip());
@@ -3880,6 +3875,13 @@ CWallet* CWallet::CreateWalletFromFile(const std::string walletFile)
 
         uiInterface.InitMessage(_("Rescanning..."));
         LogPrintf("Rescanning last %i blocks (from block %i)...\n", chainActive.Height() - pindexRescan->nHeight, pindexRescan->nHeight);
+
+        // No need to read and scan block if block was created before
+        // our wallet birthday (as adjusted for block time variability)
+        while (pindexRescan && walletInstance->nTimeFirstKey && (pindexRescan->GetBlockTime() < (walletInstance->nTimeFirstKey - TIMESTAMP_WINDOW))) {
+            pindexRescan = chainActive.Next(pindexRescan);
+        }
+
         nStart = GetTimeMillis();
         walletInstance->ScanForWalletTransactions(pindexRescan, true);
         LogPrintf(" rescan      %15dms\n", GetTimeMillis() - nStart);