diff --git a/cypress/e2e/transfer.cy.ts b/cypress/e2e/transfer.cy.ts
index 2acf8d43ee..e927ebc228 100644
--- a/cypress/e2e/transfer.cy.ts
+++ b/cypress/e2e/transfer.cy.ts
@@ -12,7 +12,8 @@ describe('Transfering funds', () => {
 
   it('Sends funds via Quick account', () => {
     cy.visit('/wallet/dashboards')
-    cy.contains('Transfer').click()
+
+    cy.contains('Send').click()
 
     // Wait for the initial wallet load.
     // There are a lot of fetch requests under the hood.
diff --git a/src/components/Wallet/Transfer/Transfer.js b/src/components/Wallet/Transfer/Transfer.js
index 4c45146a7f..3951d0e02f 100644
--- a/src/components/Wallet/Transfer/Transfer.js
+++ b/src/components/Wallet/Transfer/Transfer.js
@@ -25,6 +25,11 @@ const Transfer = (props) => {
   const [assetAddrWithSymbol, setAsset] = useState(
     selectedAsset && `${selectedAsset.address}:${selectedAsset.symbol}`
   )
+  
+  useEffect(()=>{
+    setAsset(selectedAsset && `${selectedAsset.address}:${selectedAsset.symbol}`)
+  }, [portfolio])
+
   const [gasTankDetails] = useState(state || null)
   const [address, setAddress] = useState(gasTankDetails ? accountPresets.feeCollector : '')
 
diff --git a/src/components/Wallet/Transfer/Transfer.test.jsx b/src/components/Wallet/Transfer/Transfer.test.jsx
index 4644cbbe1f..8365a40b7f 100644
--- a/src/components/Wallet/Transfer/Transfer.test.jsx
+++ b/src/components/Wallet/Transfer/Transfer.test.jsx
@@ -97,8 +97,11 @@ test('can send token', async () => {
       addressBook={addressBook}
       selectedAcc={userAddress}
       addRequest={addRequest}
-    />
-  )
+    />)
+  const selectAnAsset = screen.getByText('Select an asset')
+  await user.click(selectAnAsset)
+  const selectMatic = screen.getByText('MATIC')
+  await user.click(selectMatic)
 
   const maxButton = screen.getByText('MAX')
   await user.click(maxButton)