diff --git a/doc/release-notes.md b/doc/release-notes.md
--- a/doc/release-notes.md
+++ b/doc/release-notes.md
@@ -9,3 +9,4 @@
    GUI if no name is provided by the `-wallet` option on start up.
  - It is now possible to unload wallets dynamically at runtime. This feature is
    currently only available through the RPC interface.
+ - Wallets dynamically unloaded will now be reflected in the gui.
diff --git a/src/interfaces/wallet.h b/src/interfaces/wallet.h
--- a/src/interfaces/wallet.h
+++ b/src/interfaces/wallet.h
@@ -228,6 +228,10 @@
     // Get default change type.
     virtual OutputType getDefaultChangeType() = 0;
 
+    //! Register handler for unload message.
+    using UnloadFn = std::function<void()>;
+    virtual std::unique_ptr<Handler> handleUnload(UnloadFn fn) = 0;
+
     //! Register handler for show progress messages.
     using ShowProgressFn =
         std::function<void(const std::string &title, int progress)>;
diff --git a/src/interfaces/wallet.cpp b/src/interfaces/wallet.cpp
--- a/src/interfaces/wallet.cpp
+++ b/src/interfaces/wallet.cpp
@@ -395,6 +395,9 @@
         OutputType getDefaultChangeType() override {
             return m_wallet.m_default_change_type;
         }
+        std::unique_ptr<Handler> handleUnload(UnloadFn fn) override {
+            return MakeHandler(m_wallet.NotifyUnload.connect(fn));
+        }
         std::unique_ptr<Handler>
         handleShowProgress(ShowProgressFn fn) override {
             return MakeHandler(m_wallet.ShowProgress.connect(fn));
diff --git a/src/qt/bitcoin.cpp b/src/qt/bitcoin.cpp
--- a/src/qt/bitcoin.cpp
+++ b/src/qt/bitcoin.cpp
@@ -230,6 +230,7 @@
     /// quits the program.
     void handleRunawayException(const QString &message);
     void addWallet(WalletModel *walletModel);
+    void removeWallet();
 
 Q_SIGNALS:
     void requestedInitialize(Config *config, RPCServer *rpcServer,
@@ -468,11 +469,22 @@
             paymentServer,
             SLOT(fetchPaymentACK(WalletModel *, const SendCoinsRecipient &,
                                  QByteArray)));
+    connect(walletModel, SIGNAL(unload()), this, SLOT(removeWallet()));
 
     m_wallet_models.push_back(walletModel);
 #endif
 }
 
+void BitcoinApplication::removeWallet() {
+#ifdef ENABLE_WALLET
+    WalletModel *walletModel = static_cast<WalletModel *>(sender());
+    m_wallet_models.erase(
+        std::find(m_wallet_models.begin(), m_wallet_models.end(), walletModel));
+    window->removeWallet(walletModel);
+    walletModel->deleteLater();
+#endif
+}
+
 void BitcoinApplication::initializeResult(bool success) {
     qDebug() << __func__ << ": Initialization result: " << success;
     returnValue = success ? EXIT_SUCCESS : EXIT_FAILURE;
@@ -497,11 +509,13 @@
 #ifdef ENABLE_WALLET
     m_handler_load_wallet = m_node.handleLoadWallet(
         [this](std::unique_ptr<interfaces::Wallet> wallet) {
-            QMetaObject::invokeMethod(
-                this, "addWallet", Qt::QueuedConnection,
-                Q_ARG(WalletModel *,
-                      new WalletModel(std::move(wallet), m_node, platformStyle,
-                                      optionsModel)));
+            WalletModel *wallet_model =
+                new WalletModel(std::move(wallet), m_node, platformStyle,
+                                optionsModel, nullptr);
+            // Fix wallet model thread affinity.
+            wallet_model->moveToThread(thread());
+            QMetaObject::invokeMethod(this, "addWallet", Qt::QueuedConnection,
+                                      Q_ARG(WalletModel *, wallet_model));
         });
 
     for (auto &wallet : m_node.getWallets()) {
diff --git a/src/qt/bitcoingui.h b/src/qt/bitcoingui.h
--- a/src/qt/bitcoingui.h
+++ b/src/qt/bitcoingui.h
@@ -77,6 +77,7 @@
      * list of transactions, address book and sending functionality.
      */
     bool addWallet(WalletModel *walletModel);
+    bool removeWallet(WalletModel *walletModel);
     void removeAllWallets();
 #endif // ENABLE_WALLET
     bool enableWallet = false;
@@ -128,6 +129,8 @@
     QAction *openRPCConsoleAction = nullptr;
     QAction *openAction = nullptr;
     QAction *showHelpMessageAction = nullptr;
+    QAction *m_wallet_selector_label_action = nullptr;
+    QAction *m_wallet_selector_action = nullptr;
 
     QLabel *m_wallet_selector_label = nullptr;
     QComboBox *m_wallet_selector = nullptr;
diff --git a/src/qt/bitcoingui.cpp b/src/qt/bitcoingui.cpp
--- a/src/qt/bitcoingui.cpp
+++ b/src/qt/bitcoingui.cpp
@@ -505,6 +505,17 @@
         m_wallet_selector = new QComboBox();
         connect(m_wallet_selector, SIGNAL(currentIndexChanged(int)), this,
                 SLOT(setCurrentWalletBySelectorIndex(int)));
+
+        m_wallet_selector_label = new QLabel();
+        m_wallet_selector_label->setText(tr("Wallet:") + " ");
+        m_wallet_selector_label->setBuddy(m_wallet_selector);
+
+        m_wallet_selector_label_action =
+            appToolBar->addWidget(m_wallet_selector_label);
+        m_wallet_selector_action = appToolBar->addWidget(m_wallet_selector);
+
+        m_wallet_selector_label_action->setVisible(false);
+        m_wallet_selector_action->setVisible(false);
 #endif
     }
 }
@@ -587,16 +598,30 @@
     setWalletActionsEnabled(true);
     m_wallet_selector->addItem(display_name, name);
     if (m_wallet_selector->count() == 2) {
-        m_wallet_selector_label = new QLabel();
-        m_wallet_selector_label->setText(tr("Wallet:") + " ");
-        m_wallet_selector_label->setBuddy(m_wallet_selector);
-        appToolBar->addWidget(m_wallet_selector_label);
-        appToolBar->addWidget(m_wallet_selector);
+        m_wallet_selector_label_action->setVisible(true);
+        m_wallet_selector_action->setVisible(true);
     }
     rpcConsole->addWallet(walletModel);
     return walletFrame->addWallet(walletModel);
 }
 
+bool BitcoinGUI::removeWallet(WalletModel *walletModel) {
+    if (!walletFrame) {
+        return false;
+    }
+    QString name = walletModel->getWalletName();
+    int index = m_wallet_selector->findData(name);
+    m_wallet_selector->removeItem(index);
+    if (m_wallet_selector->count() == 0) {
+        setWalletActionsEnabled(false);
+    } else if (m_wallet_selector->count() == 1) {
+        m_wallet_selector_label_action->setVisible(false);
+        m_wallet_selector_action->setVisible(false);
+    }
+    rpcConsole->removeWallet(walletModel);
+    return walletFrame->removeWallet(name);
+}
+
 bool BitcoinGUI::setCurrentWallet(const QString &name) {
     if (!walletFrame) return false;
     return walletFrame->setCurrentWallet(name);
diff --git a/src/qt/rpcconsole.h b/src/qt/rpcconsole.h
--- a/src/qt/rpcconsole.h
+++ b/src/qt/rpcconsole.h
@@ -57,6 +57,7 @@
 
     void setClientModel(ClientModel *model);
     void addWallet(WalletModel *const walletModel);
+    void removeWallet(WalletModel *const walletModel);
 
     enum MessageClass { MC_ERROR, MC_DEBUG, CMD_REQUEST, CMD_REPLY, CMD_ERROR };
 
diff --git a/src/qt/rpcconsole.cpp b/src/qt/rpcconsole.cpp
--- a/src/qt/rpcconsole.cpp
+++ b/src/qt/rpcconsole.cpp
@@ -834,6 +834,15 @@
         ui->WalletSelectorLabel->setVisible(true);
     }
 }
+
+void RPCConsole::removeWallet(WalletModel *const walletModel) {
+    const QString name = walletModel->getWalletName();
+    ui->WalletSelector->removeItem(ui->WalletSelector->findData(name));
+    if (ui->WalletSelector->count() == 2) {
+        ui->WalletSelector->setVisible(false);
+        ui->WalletSelectorLabel->setVisible(false);
+    }
+}
 #endif
 
 static QString categoryClass(int category) {
diff --git a/src/qt/walletmodel.h b/src/qt/walletmodel.h
--- a/src/qt/walletmodel.h
+++ b/src/qt/walletmodel.h
@@ -224,6 +224,7 @@
 
 private:
     std::unique_ptr<interfaces::Wallet> m_wallet;
+    std::unique_ptr<interfaces::Handler> m_handler_unload;
     std::unique_ptr<interfaces::Handler> m_handler_status_changed;
     std::unique_ptr<interfaces::Handler> m_handler_address_book_changed;
     std::unique_ptr<interfaces::Handler> m_handler_transaction_changed;
@@ -279,6 +280,9 @@
     // Watch-only address added
     void notifyWatchonlyChanged(bool fHaveWatchonly);
 
+    // Signal that wallet is about to be removed
+    void unload();
+
 public Q_SLOTS:
     /** Wallet status might have changed. */
     void updateStatus();
diff --git a/src/qt/walletmodel.cpp b/src/qt/walletmodel.cpp
--- a/src/qt/walletmodel.cpp
+++ b/src/qt/walletmodel.cpp
@@ -338,6 +338,11 @@
 }
 
 // Handlers for core signals
+static void NotifyUnload(WalletModel *walletModel) {
+    qDebug() << "NotifyUnload";
+    QMetaObject::invokeMethod(walletModel, "unload", Qt::QueuedConnection);
+}
+
 static void NotifyKeyStoreStatusChanged(WalletModel *walletmodel) {
     qDebug() << "NotifyKeyStoreStatusChanged";
     QMetaObject::invokeMethod(walletmodel, "updateStatus",
@@ -389,6 +394,7 @@
 
 void WalletModel::subscribeToCoreSignals() {
     // Connect signals to wallet
+    m_handler_unload = m_wallet->handleUnload(std::bind(&NotifyUnload, this));
     m_handler_status_changed = m_wallet->handleStatusChanged(
         std::bind(&NotifyKeyStoreStatusChanged, this));
     m_handler_address_book_changed = m_wallet->handleAddressBookChanged(
@@ -406,6 +412,7 @@
 
 void WalletModel::unsubscribeFromCoreSignals() {
     // Disconnect signals from wallet
+    m_handler_unload->disconnect();
     m_handler_status_changed->disconnect();
     m_handler_address_book_changed->disconnect();
     m_handler_transaction_changed->disconnect();