diff --git a/src/bitcoin-cli.cpp b/src/bitcoin-cli.cpp
--- a/src/bitcoin-cli.cpp
+++ b/src/bitcoin-cli.cpp
@@ -570,6 +570,39 @@
     return response;
 }
 
+/**
+ * GetWalletBalances calls listwallets; if more than one wallet is loaded, it
+ * then fetches mine.trusted balances for each loaded wallet and pushes them to
+ * `result`.
+ *
+ * @param result  Reference to UniValue object the wallet names and balances are
+ *                pushed to.
+ */
+[[maybe_unused]] static void GetWalletBalances(UniValue &result) {
+    std::unique_ptr<BaseRequestHandler> rh{
+        std::make_unique<DefaultRequestHandler>()};
+    const UniValue listwallets =
+        ConnectAndCallRPC(rh.get(), "listwallets", /* args=*/{});
+    if (!find_value(listwallets, "error").isNull()) {
+        return;
+    }
+    const UniValue &wallets = find_value(listwallets, "result");
+    if (wallets.size() <= 1) {
+        return;
+    }
+
+    UniValue balances(UniValue::VOBJ);
+    for (const UniValue &wallet : wallets.getValues()) {
+        const std::string wallet_name = wallet.get_str();
+        const UniValue getbalances = ConnectAndCallRPC(
+            rh.get(), "getbalances", /* args=*/{}, wallet_name);
+        const UniValue &balance =
+            find_value(getbalances, "result")["mine"]["trusted"];
+        balances.pushKV(wallet_name, balance);
+    }
+    result.pushKV("balances", balances);
+}
+
 static int CommandLineRPC(int argc, char *argv[]) {
     std::string strPrint;
     int nRet = 0;