diff --git a/.pending/bugfixes/sdk/4234-https-github-co b/.pending/bugfixes/sdk/4234-https-github-co
new file mode 100644
index 000000000000..6754862d5850
--- /dev/null
+++ b/.pending/bugfixes/sdk/4234-https-github-co
@@ -0,0 +1,2 @@
+[#4234](https://github.com/cosmos/cosmos-sdk/pull/4234) Allow `tx send --generate-only` to
+actually work offline.
diff --git a/x/bank/client/cli/sendtx.go b/x/bank/client/cli/sendtx.go
index 9225ae27855a..900189d9f2d4 100644
--- a/x/bank/client/cli/sendtx.go
+++ b/x/bank/client/cli/sendtx.go
@@ -29,10 +29,6 @@ func SendTxCmd(cdc *codec.Codec) *cobra.Command {
 				WithCodec(cdc).
 				WithAccountDecoder(cdc)
 
-			if err := cliCtx.EnsureAccountExists(); err != nil {
-				return err
-			}
-
 			to, err := sdk.AccAddressFromBech32(args[1])
 			if err != nil {
 				return err