diff --git a/src/qt/overviewpage.cpp b/src/qt/overviewpage.cpp
index 2dea4e1bd65..dfe8b6f5b06 100644
--- a/src/qt/overviewpage.cpp
+++ b/src/qt/overviewpage.cpp
@@ -68,17 +68,17 @@ public:
             foreground = brush.color();
         }
 
+        if (index.data(TransactionTableModel::WatchonlyRole).toBool()) {
+            QIcon iconWatchonly = qvariant_cast<QIcon>(index.data(TransactionTableModel::WatchonlyDecorationRole));
+            QRect watchonlyRect(addressRect.left(), addressRect.top(), 16, addressRect.height());
+            iconWatchonly.paint(painter, watchonlyRect);
+            addressRect.setLeft(addressRect.left() + watchonlyRect.width() + 5);
+        }
+
         painter->setPen(foreground);
         QRect boundingRect;
         painter->drawText(addressRect, Qt::AlignLeft | Qt::AlignVCenter, address, &boundingRect);
 
-        if (index.data(TransactionTableModel::WatchonlyRole).toBool())
-        {
-            QIcon iconWatchonly = qvariant_cast<QIcon>(index.data(TransactionTableModel::WatchonlyDecorationRole));
-            QRect watchonlyRect(boundingRect.right() + 5, mainRect.top()+ypad+halfheight, 16, halfheight);
-            iconWatchonly.paint(painter, watchonlyRect);
-        }
-
         if(amount < 0)
         {
             foreground = COLOR_NEGATIVE;