diff --git a/electrum/gui/qt/balance_dialog.py b/electrum/gui/qt/balance_dialog.py
index f3aa118f4..e2b18fcc4 100644
--- a/electrum/gui/qt/balance_dialog.py
+++ b/electrum/gui/qt/balance_dialog.py
@@ -105,6 +105,10 @@ class BalanceToolButton(QToolButton, PieChartObject):
         self._update_size()
         self._warning = False
 
+    @property
+    def has_warning(self) -> bool:
+        return bool(self._warning)
+
     def update_list(self, l, warning: bool):
         self._warning = warning
         self._list = l
diff --git a/electrum/gui/qt/main_window.py b/electrum/gui/qt/main_window.py
index ab6994913..add360113 100644
--- a/electrum/gui/qt/main_window.py
+++ b/electrum/gui/qt/main_window.py
@@ -1804,7 +1804,7 @@ class ElectrumWindow(QMainWindow, MessageBoxMixin, Logger, QtEventListener):
 
     def show_balance_dialog(self):
         balance = self.wallet.get_balances_for_piechart().total()
-        if balance == 0:
+        if balance == 0 and not self.balance_label.has_warning:
             return
         from .balance_dialog import BalanceDialog
         d = BalanceDialog(self, wallet=self.wallet)