diff --git a/src/wallet/walletutil.cpp b/src/wallet/walletutil.cpp
--- a/src/wallet/walletutil.cpp
+++ b/src/wallet/walletutil.cpp
@@ -16,6 +16,11 @@
         }
     } else {
         path = GetDataDir();
+        // If a wallets directory exists, use that, otherwise default to
+        // GetDataDir
+        if (fs::is_directory(path / "wallets")) {
+            path /= "wallets";
+        }
     }
 
     return path;