diff --git a/api/geth_backend.go b/api/geth_backend.go
index 32671ab8e..32c3c0fb0 100644
--- a/api/geth_backend.go
+++ b/api/geth_backend.go
@@ -647,11 +647,6 @@ func (b *GethStatusBackend) ConvertToKeycardAccount(account multiaccounts.Accoun
 		return err
 	}
 
-	masterAddress, err := accountDB.GetMasterAddress()
-	if err != nil {
-		return err
-	}
-
 	dappsAddress, err := accountDB.GetDappsAddress()
 	if err != nil {
 		return err
@@ -678,8 +673,6 @@ func (b *GethStatusBackend) ConvertToKeycardAccount(account multiaccounts.Accoun
 	}
 
 	// We need to delete all accounts for the keypair which is being migrated
-	// no need to check for the error below cause if this action fails from
-	// whichever reason the account is still successfully migrated
 	for _, acc := range knownAccounts {
 		if account.KeyUID == acc.KeyUID {
 			err = b.tryToDeleteAccount(acc.Address, password, newPassword)
@@ -689,11 +682,6 @@ func (b *GethStatusBackend) ConvertToKeycardAccount(account multiaccounts.Accoun
 		}
 	}
 
-	err = b.tryToDeleteAccount(masterAddress, password, newPassword)
-	if err != nil {
-		return err
-	}
-
 	err = b.tryToDeleteAccount(dappsAddress, password, newPassword)
 	if err != nil {
 		return err
diff --git a/services/accounts/accounts.go b/services/accounts/accounts.go
index f3e3b928a..b8a08f886 100644
--- a/services/accounts/accounts.go
+++ b/services/accounts/accounts.go
@@ -243,6 +243,19 @@ func (api *API) VerifyPassword(password string) bool {
 }
 
 func (api *API) AddMigratedKeyPairOrAddAccountsIfKeyPairIsAdded(ctx context.Context, kcUID string, kpName string, keyUID string, accountAddresses []string, password string) error {
+	if len(accountAddresses) == 0 {
+		return errors.New("cannot migrate a keypair without any address")
+	}
+
+	acc, err := api.db.GetAccountByAddress(types.Address(common.HexToAddress(accountAddresses[0])))
+	if err != nil {
+		return err
+	}
+
+	if len(acc.DerivedFrom) == 0 {
+		return errors.New("an account being migrated doesn't contain `derived_from` field set")
+	}
+
 	kp := keypairs.KeyPair{
 		KeycardUID:      kcUID,
 		KeycardName:     kpName,
@@ -267,7 +280,13 @@ func (api *API) AddMigratedKeyPairOrAddAccountsIfKeyPairIsAdded(ctx context.Cont
 				return err
 			}
 		}
+
+		err = api.manager.DeleteAccount(types.Address(common.HexToAddress(acc.DerivedFrom)), password)
+		if err != nil {
+			return err
+		}
 	}
+
 	return nil
 }