diff --git a/x/bank/keeper/send.go b/x/bank/keeper/send.go
index 80fdb555b..a379fb969 100644
--- a/x/bank/keeper/send.go
+++ b/x/bank/keeper/send.go
@@ -16,6 +16,7 @@ type SendKeeper interface {
 
 	InputOutputCoins(ctx sdk.Context, inputs []types.Input, outputs []types.Output) error
 	SendCoins(ctx sdk.Context, fromAddr sdk.AccAddress, toAddr sdk.AccAddress, amt sdk.Coins) error
+	SendCoinsWithoutAccCreation(ctx sdk.Context, fromAddr sdk.AccAddress, toAddr sdk.AccAddress, amt sdk.Coins) error
 
 	GetParams(ctx sdk.Context) types.Params
 	SetParams(ctx sdk.Context, params types.Params)
@@ -131,13 +132,7 @@ func (k BaseSendKeeper) InputOutputCoins(ctx sdk.Context, inputs []types.Input,
 // SendCoins transfers amt coins from a sending account to a receiving account.
 // An error is returned upon failure.
 func (k BaseSendKeeper) SendCoins(ctx sdk.Context, fromAddr sdk.AccAddress, toAddr sdk.AccAddress, amt sdk.Coins) error {
-	err := k.subUnlockedCoins(ctx, fromAddr, amt)
-	if err != nil {
-		return err
-	}
-
-	err = k.addCoins(ctx, toAddr, amt)
-	if err != nil {
+	if err := k.SendCoinsWithoutAccCreation(ctx, fromAddr, toAddr, amt); err != nil {
 		return err
 	}
 
@@ -151,6 +146,20 @@ func (k BaseSendKeeper) SendCoins(ctx sdk.Context, fromAddr sdk.AccAddress, toAd
 		k.ak.SetAccount(ctx, k.ak.NewAccountWithAddress(ctx, toAddr))
 	}
 
+	return nil
+}
+
+func (k BaseSendKeeper) SendCoinsWithoutAccCreation(ctx sdk.Context, fromAddr sdk.AccAddress, toAddr sdk.AccAddress, amt sdk.Coins) error {
+	err := k.subUnlockedCoins(ctx, fromAddr, amt)
+	if err != nil {
+		return err
+	}
+
+	err = k.addCoins(ctx, toAddr, amt)
+	if err != nil {
+		return err
+	}
+
 	ctx.EventManager().EmitEvents(sdk.Events{
 		sdk.NewEvent(
 			types.EventTypeTransfer,