diff --git a/src/logic/tokens/utils/tokenHelpers.js b/src/logic/tokens/utils/tokenHelpers.js
index b97b8b6d..1fac59f9 100644
--- a/src/logic/tokens/utils/tokenHelpers.js
+++ b/src/logic/tokens/utils/tokenHelpers.js
@@ -48,3 +48,5 @@ export const isAddressAToken = async (tokenAddress: string) => {
 
   return call !== '0x'
 }
+
+export const isTokenTransfer = async (data: string, value: number) => data.substring(0, 10) === '0xa9059cbb' && value === 0
diff --git a/src/routes/safe/store/actions/fetchTransactions.js b/src/routes/safe/store/actions/fetchTransactions.js
index 72f5e3d9..a56949a3 100644
--- a/src/routes/safe/store/actions/fetchTransactions.js
+++ b/src/routes/safe/store/actions/fetchTransactions.js
@@ -13,7 +13,7 @@ import { getWeb3 } from '~/logic/wallets/getWeb3'
 import { EMPTY_DATA } from '~/logic/wallets/ethTransactions'
 import { addTransactions } from './addTransactions'
 import { getHumanFriendlyToken } from '~/logic/tokens/store/actions/fetchTokens'
-import { isAddressAToken } from '~/logic/tokens/utils/tokenHelpers'
+import { isTokenTransfer } from '~/logic/tokens/utils/tokenHelpers'
 import { TX_TYPE_EXECUTION } from '~/logic/safe/transactions/send'
 import { decodeParamsFromSafeMethod } from '~/logic/contracts/methodIds'
 
@@ -60,7 +60,7 @@ export const buildTransactionFrom = async (
   const modifySettingsTx = tx.to === safeAddress && Number(tx.value) === 0 && !!tx.data
   const cancellationTx = tx.to === safeAddress && Number(tx.value) === 0 && !tx.data
   const customTx = tx.to !== safeAddress && !!tx.data
-  const isTokenTransfer = await isAddressAToken(tx.to)
+  const isSendTokenTx = await isTokenTransfer(tx.data, tx.value)
 
   let executionTxHash
   const executionTx = confirmations.find((conf) => conf.type === TX_TYPE_EXECUTION)
@@ -71,7 +71,7 @@ export const buildTransactionFrom = async (
 
   let symbol = 'ETH'
   let decodedParams
-  if (isTokenTransfer) {
+  if (isSendTokenTx) {
     const tokenContract = await getHumanFriendlyToken()
     const tokenInstance = await tokenContract.at(tx.to)
     symbol = await tokenInstance.symbol()
@@ -100,7 +100,7 @@ export const buildTransactionFrom = async (
     executionDate: tx.executionDate,
     executionTxHash,
     safeTxHash: tx.safeTxHash,
-    isTokenTransfer,
+    isTokenTransfer: isSendTokenTx,
     decodedParams,
     modifySettingsTx,
     customTx,