diff --git a/src/common/messages.cpp b/src/common/messages.cpp
index 5fe3e9e4d86..fc0b4a8861f 100644
--- a/src/common/messages.cpp
+++ b/src/common/messages.cpp
@@ -116,6 +116,10 @@ bilingual_str PSBTErrorString(PSBTError err)
             return Untranslated("External signer failed to sign");
         case PSBTError::UNSUPPORTED:
             return Untranslated("Signer does not support PSBT");
+        case PSBTError::INCOMPLETE:
+            return Untranslated("Input needs additional signatures or other data");
+        case PSBTError::OK:
+            return Untranslated("No errors");
         // no default case, so the compiler can warn about missing cases
     }
     assert(false);
diff --git a/src/common/types.h b/src/common/types.h
index 0d9cb67ce94..fb9ee4bf31b 100644
--- a/src/common/types.h
+++ b/src/common/types.h
@@ -20,6 +20,8 @@ enum class PSBTError {
     EXTERNAL_SIGNER_NOT_FOUND,
     EXTERNAL_SIGNER_FAILED,
     UNSUPPORTED,
+    INCOMPLETE,
+    OK,
 };
 } // namespace common
 
diff --git a/src/node/psbt.cpp b/src/node/psbt.cpp
index 51e252bffca..079c7e2d4e2 100644
--- a/src/node/psbt.cpp
+++ b/src/node/psbt.cpp
@@ -64,7 +64,7 @@ PSBTAnalysis AnalyzePSBT(PartiallySignedTransaction psbtx)
 
             // Figure out what is missing
             SignatureData outdata;
-            bool complete = SignPSBTInput(DUMMY_SIGNING_PROVIDER, psbtx, i, &txdata, 1, &outdata);
+            bool complete = SignPSBTInput(DUMMY_SIGNING_PROVIDER, psbtx, i, &txdata, 1, &outdata) == PSBTError::OK;
 
             // Things are missing
             if (!complete) {
@@ -124,7 +124,7 @@ PSBTAnalysis AnalyzePSBT(PartiallySignedTransaction psbtx)
             PSBTInput& input = psbtx.inputs[i];
             Coin newcoin;
 
-            if (!SignPSBTInput(DUMMY_SIGNING_PROVIDER, psbtx, i, nullptr, 1) || !psbtx.GetInputUTXO(newcoin.out, i)) {
+            if (SignPSBTInput(DUMMY_SIGNING_PROVIDER, psbtx, i, nullptr, 1) != PSBTError::OK || !psbtx.GetInputUTXO(newcoin.out, i)) {
                 success = false;
                 break;
             } else {
diff --git a/src/psbt.cpp b/src/psbt.cpp
index 9369cfc334d..c89066c1497 100644
--- a/src/psbt.cpp
+++ b/src/psbt.cpp
@@ -4,12 +4,15 @@
 
 #include <psbt.h>
 
+#include <common/types.h>
 #include <node/types.h>
 #include <policy/policy.h>
 #include <script/signingprovider.h>
 #include <util/check.h>
 #include <util/strencodings.h>
 
+using common::PSBTError;
+
 PartiallySignedTransaction::PartiallySignedTransaction(const CMutableTransaction& tx) : tx(tx)
 {
     inputs.resize(tx.vin.size());
@@ -372,13 +375,13 @@ PrecomputedTransactionData PrecomputePSBTData(const PartiallySignedTransaction&
     return txdata;
 }
 
-bool SignPSBTInput(const SigningProvider& provider, PartiallySignedTransaction& psbt, int index, const PrecomputedTransactionData* txdata, int sighash,  SignatureData* out_sigdata, bool finalize)
+PSBTError SignPSBTInput(const SigningProvider& provider, PartiallySignedTransaction& psbt, int index, const PrecomputedTransactionData* txdata, int sighash,  SignatureData* out_sigdata, bool finalize)
 {
     PSBTInput& input = psbt.inputs.at(index);
     const CMutableTransaction& tx = *psbt.tx;
 
     if (PSBTInputSignedAndVerified(psbt, index, txdata)) {
-        return true;
+        return PSBTError::OK;
     }
 
     // Fill SignatureData with input info
@@ -393,10 +396,10 @@ bool SignPSBTInput(const SigningProvider& provider, PartiallySignedTransaction&
         // If we're taking our information from a non-witness UTXO, verify that it matches the prevout.
         COutPoint prevout = tx.vin[index].prevout;
         if (prevout.n >= input.non_witness_utxo->vout.size()) {
-            return false;
+            return PSBTError::MISSING_INPUTS;
         }
         if (input.non_witness_utxo->GetHash() != prevout.hash) {
-            return false;
+            return PSBTError::MISSING_INPUTS;
         }
         utxo = input.non_witness_utxo->vout[prevout.n];
     } else if (!input.witness_utxo.IsNull()) {
@@ -407,7 +410,7 @@ bool SignPSBTInput(const SigningProvider& provider, PartiallySignedTransaction&
         // a witness signature in this situation.
         require_witness_sig = true;
     } else {
-        return false;
+        return PSBTError::MISSING_INPUTS;
     }
 
     sigdata.witness = false;
@@ -419,7 +422,7 @@ bool SignPSBTInput(const SigningProvider& provider, PartiallySignedTransaction&
         sig_complete = ProduceSignature(provider, creator, utxo.scriptPubKey, sigdata);
     }
     // Verify that a witness signature was produced in case one was required.
-    if (require_witness_sig && !sigdata.witness) return false;
+    if (require_witness_sig && !sigdata.witness) return PSBTError::INCOMPLETE;
 
     // If we are not finalizing, set sigdata.complete to false to not set the scriptWitness
     if (!finalize && sigdata.complete) sigdata.complete = false;
@@ -442,7 +445,7 @@ bool SignPSBTInput(const SigningProvider& provider, PartiallySignedTransaction&
         out_sigdata->missing_witness_script = sigdata.missing_witness_script;
     }
 
-    return sig_complete;
+    return sig_complete ? PSBTError::OK : PSBTError::INCOMPLETE;
 }
 
 void RemoveUnnecessaryTransactions(PartiallySignedTransaction& psbtx, const int& sighash_type)
@@ -486,7 +489,7 @@ bool FinalizePSBT(PartiallySignedTransaction& psbtx)
     bool complete = true;
     const PrecomputedTransactionData txdata = PrecomputePSBTData(psbtx);
     for (unsigned int i = 0; i < psbtx.tx->vin.size(); ++i) {
-        complete &= SignPSBTInput(DUMMY_SIGNING_PROVIDER, psbtx, i, &txdata, SIGHASH_ALL, nullptr, true);
+        complete &= (SignPSBTInput(DUMMY_SIGNING_PROVIDER, psbtx, i, &txdata, SIGHASH_ALL, nullptr, true) == PSBTError::OK);
     }
 
     return complete;
diff --git a/src/psbt.h b/src/psbt.h
index a23c120ed17..a443bce7d54 100644
--- a/src/psbt.h
+++ b/src/psbt.h
@@ -5,6 +5,7 @@
 #ifndef BITCOIN_PSBT_H
 #define BITCOIN_PSBT_H
 
+#include <common/types.h>
 #include <node/transaction.h>
 #include <policy/feerate.h>
 #include <primitives/transaction.h>
@@ -21,6 +22,8 @@ namespace node {
 enum class TransactionError;
 } // namespace node
 
+using common::PSBTError;
+
 // Magic bytes
 static constexpr uint8_t PSBT_MAGIC_BYTES[5] = {'p', 's', 'b', 't', 0xff};
 
@@ -1401,7 +1404,7 @@ bool PSBTInputSignedAndVerified(const PartiallySignedTransaction psbt, unsigned
  * txdata should be the output of PrecomputePSBTData (which can be shared across
  * multiple SignPSBTInput calls). If it is nullptr, a dummy signature will be created.
  **/
-bool SignPSBTInput(const SigningProvider& provider, PartiallySignedTransaction& psbt, int index, const PrecomputedTransactionData* txdata, int sighash = SIGHASH_ALL, SignatureData* out_sigdata = nullptr, bool finalize = true);
+[[nodiscard]] PSBTError SignPSBTInput(const SigningProvider& provider, PartiallySignedTransaction& psbt, int index, const PrecomputedTransactionData* txdata, int sighash = SIGHASH_ALL, SignatureData* out_sigdata = nullptr, bool finalize = true);
 
 /**  Reduces the size of the PSBT by dropping unnecessary `non_witness_utxos` (i.e. complete previous transactions) from a psbt when all inputs are segwit v1. */
 void RemoveUnnecessaryTransactions(PartiallySignedTransaction& psbtx, const int& sighash_type);
diff --git a/src/rpc/rawtransaction.cpp b/src/rpc/rawtransaction.cpp
index de0ee601584..3599d493d39 100644
--- a/src/rpc/rawtransaction.cpp
+++ b/src/rpc/rawtransaction.cpp
@@ -235,7 +235,8 @@ PartiallySignedTransaction ProcessPSBT(const std::string& psbt_string, const std
         // Note that SignPSBTInput does a lot more than just constructing ECDSA signatures.
         // We only actually care about those if our signing provider doesn't hide private
         // information, as is the case with `descriptorprocesspsbt`
-        SignPSBTInput(provider, psbtx, /*index=*/i, &txdata, sighash_type, /*out_sigdata=*/nullptr, finalize);
+        // As such, we ignore the return value as any errors just mean that we do not have enough information.
+        (void)SignPSBTInput(provider, psbtx, /*index=*/i, &txdata, sighash_type, /*out_sigdata=*/nullptr, finalize);
     }
 
     // Update script/keypath information using descriptor data.
diff --git a/src/wallet/scriptpubkeyman.cpp b/src/wallet/scriptpubkeyman.cpp
index 53ea904d052..c9d52c18dff 100644
--- a/src/wallet/scriptpubkeyman.cpp
+++ b/src/wallet/scriptpubkeyman.cpp
@@ -1386,7 +1386,10 @@ std::optional<PSBTError> DescriptorScriptPubKeyMan::FillPSBT(PartiallySignedTran
             }
         }
 
-        SignPSBTInput(HidingSigningProvider(keys.get(), /*hide_secret=*/!sign, /*hide_origin=*/!bip32derivs), psbtx, i, &txdata, sighash_type, nullptr, finalize);
+        PSBTError res = SignPSBTInput(HidingSigningProvider(keys.get(), /*hide_secret=*/!sign, /*hide_origin=*/!bip32derivs), psbtx, i, &txdata, sighash_type, nullptr, finalize);
+        if (res != PSBTError::OK && res != PSBTError::INCOMPLETE) {
+            return res;
+        }
 
         bool signed_one = PSBTInputSigned(input);
         if (n_signed && (signed_one || !sign)) {