diff --git a/src/wallet/scriptpubkeyman.cpp b/src/wallet/scriptpubkeyman.cpp
--- a/src/wallet/scriptpubkeyman.cpp
+++ b/src/wallet/scriptpubkeyman.cpp
@@ -340,7 +340,8 @@
         hd_upgrade = true;
     }
     // Upgrade to HD chain split if necessary
-    if (m_storage.CanSupportFeature(FEATURE_HD_SPLIT)) {
+    if (m_storage.CanSupportFeature(FEATURE_HD_SPLIT) &&
+        CHDChain::VERSION_HD_CHAIN_SPLIT) {
         WalletLogPrintf("Upgrading wallet to use HD chain split\n");
         m_storage.SetMinVersion(FEATURE_PRE_SPLIT_KEYPOOL);
         split_upgrade = FEATURE_HD_SPLIT > prev_version;