diff --git a/src/interfaces/chain.h b/src/interfaces/chain.h
index 4f5105a5c12..ddfb4bda95b 100644
--- a/src/interfaces/chain.h
+++ b/src/interfaces/chain.h
@@ -116,9 +116,6 @@ public:
     //! or one of its ancestors.
     virtual std::optional<int> findLocatorFork(const CBlockLocator& locator) = 0;
 
-    //! Check if transaction will be final given chain height current time.
-    virtual bool checkFinalTx(const CTransaction& tx) = 0;
-
     //! Return whether node has the block and optionally return block metadata
     //! or contents.
     virtual bool findBlock(const uint256& hash, const FoundBlock& block={}) = 0;
diff --git a/src/interfaces/wallet.h b/src/interfaces/wallet.h
index aa33a3c951f..f26ac866dcf 100644
--- a/src/interfaces/wallet.h
+++ b/src/interfaces/wallet.h
@@ -405,7 +405,6 @@ struct WalletTxStatus
     int depth_in_main_chain;
     unsigned int time_received;
     uint32_t lock_time;
-    bool is_final;
     bool is_trusted;
     bool is_abandoned;
     bool is_coinbase;
diff --git a/src/node/interfaces.cpp b/src/node/interfaces.cpp
index 1a48957f0fd..ffad289fa9b 100644
--- a/src/node/interfaces.cpp
+++ b/src/node/interfaces.cpp
@@ -486,11 +486,6 @@ public:
         const CChain& active = Assert(m_node.chainman)->ActiveChain();
         return active.GetLocator();
     }
-    bool checkFinalTx(const CTransaction& tx) override
-    {
-        LOCK(cs_main);
-        return CheckFinalTx(chainman().ActiveChain().Tip(), tx);
-    }
     std::optional<int> findLocatorFork(const CBlockLocator& locator) override
     {
         LOCK(cs_main);
diff --git a/src/qt/guiconstants.h b/src/qt/guiconstants.h
index 1adcd5b6b91..fcdf6056c95 100644
--- a/src/qt/guiconstants.h
+++ b/src/qt/guiconstants.h
@@ -33,8 +33,6 @@ static const bool DEFAULT_SPLASHSCREEN = true;
 #define COLOR_NEGATIVE QColor(255, 0, 0)
 /* Transaction list -- bare address (without label) */
 #define COLOR_BAREADDRESS QColor(140, 140, 140)
-/* Transaction list -- TX status decoration - open until date */
-#define COLOR_TX_STATUS_OPENUNTILDATE QColor(64, 64, 255)
 /* Transaction list -- TX status decoration - danger, tx needs attention */
 #define COLOR_TX_STATUS_DANGER QColor(200, 100, 100)
 /* Transaction list -- TX status decoration - default color */
diff --git a/src/qt/transactiondesc.cpp b/src/qt/transactiondesc.cpp
index 0504639cdeb..be5851d627e 100644
--- a/src/qt/transactiondesc.cpp
+++ b/src/qt/transactiondesc.cpp
@@ -18,7 +18,6 @@
 #include <interfaces/wallet.h>
 #include <key_io.h>
 #include <policy/policy.h>
-#include <script/script.h>
 #include <util/system.h>
 #include <validation.h>
 #include <wallet/ismine.h>
@@ -35,14 +34,6 @@ using wallet::isminetype;
 
 QString TransactionDesc::FormatTxStatus(const interfaces::WalletTx& wtx, const interfaces::WalletTxStatus& status, bool inMempool, int numBlocks)
 {
-    if (!status.is_final)
-    {
-        if (wtx.tx->nLockTime < LOCKTIME_THRESHOLD)
-            return tr("Open for %n more block(s)", "", wtx.tx->nLockTime - numBlocks);
-        else
-            return tr("Open until %1").arg(GUIUtil::dateTimeStr(wtx.tx->nLockTime));
-    }
-    else
     {
         int nDepth = status.depth_in_main_chain;
         if (nDepth < 0) {
diff --git a/src/qt/transactionrecord.cpp b/src/qt/transactionrecord.cpp
index 53865699734..26144ba197e 100644
--- a/src/qt/transactionrecord.cpp
+++ b/src/qt/transactionrecord.cpp
@@ -179,21 +179,8 @@ void TransactionRecord::updateStatus(const interfaces::WalletTxStatus& wtx, cons
     status.depth = wtx.depth_in_main_chain;
     status.m_cur_block_hash = block_hash;
 
-    const bool up_to_date = ((int64_t)QDateTime::currentMSecsSinceEpoch() / 1000 - block_time < MAX_BLOCK_TIME_GAP);
-    if (up_to_date && !wtx.is_final) {
-        if (wtx.lock_time < LOCKTIME_THRESHOLD) {
-            status.status = TransactionStatus::OpenUntilBlock;
-            status.open_for = wtx.lock_time - numBlocks;
-        }
-        else
-        {
-            status.status = TransactionStatus::OpenUntilDate;
-            status.open_for = wtx.lock_time;
-        }
-    }
     // For generated transactions, determine maturity
-    else if(type == TransactionRecord::Generated)
-    {
+    if (type == TransactionRecord::Generated) {
         if (wtx.blocks_to_maturity > 0)
         {
             status.status = TransactionStatus::Immature;
diff --git a/src/qt/transactionrecord.h b/src/qt/transactionrecord.h
index 1c139efabc7..dd34656d5fd 100644
--- a/src/qt/transactionrecord.h
+++ b/src/qt/transactionrecord.h
@@ -30,8 +30,6 @@ public:
     enum Status {
         Confirmed,          /**< Have 6 or more confirmations (normal tx) or fully mature (mined tx) **/
         /// Normal (sent/received) transactions
-        OpenUntilDate,      /**< Transaction not yet final, waiting for date */
-        OpenUntilBlock,     /**< Transaction not yet final, waiting for block */
         Unconfirmed,        /**< Not yet mined into a block **/
         Confirming,         /**< Confirmed, but waiting for the recommended number of confirmations **/
         Conflicted,         /**< Conflicts with other transaction or mempool **/
diff --git a/src/qt/transactiontablemodel.cpp b/src/qt/transactiontablemodel.cpp
index b42c3f8c246..44b4fee2e79 100644
--- a/src/qt/transactiontablemodel.cpp
+++ b/src/qt/transactiontablemodel.cpp
@@ -316,12 +316,6 @@ QString TransactionTableModel::formatTxStatus(const TransactionRecord *wtx) cons
 
     switch(wtx->status.status)
     {
-    case TransactionStatus::OpenUntilBlock:
-        status = tr("Open for %n more block(s)","",wtx->status.open_for);
-        break;
-    case TransactionStatus::OpenUntilDate:
-        status = tr("Open until %1").arg(GUIUtil::dateTimeStr(wtx->status.open_for));
-        break;
     case TransactionStatus::Unconfirmed:
         status = tr("Unconfirmed");
         break;
@@ -475,9 +469,6 @@ QVariant TransactionTableModel::txStatusDecoration(const TransactionRecord *wtx)
 {
     switch(wtx->status.status)
     {
-    case TransactionStatus::OpenUntilBlock:
-    case TransactionStatus::OpenUntilDate:
-        return COLOR_TX_STATUS_OPENUNTILDATE;
     case TransactionStatus::Unconfirmed:
         return QIcon(":/icons/transaction_0");
     case TransactionStatus::Abandoned:
diff --git a/src/wallet/interfaces.cpp b/src/wallet/interfaces.cpp
index b1466869b91..9083c304b2c 100644
--- a/src/wallet/interfaces.cpp
+++ b/src/wallet/interfaces.cpp
@@ -90,7 +90,6 @@ WalletTxStatus MakeWalletTxStatus(const CWallet& wallet, const CWalletTx& wtx)
     result.depth_in_main_chain = wallet.GetTxDepthInMainChain(wtx);
     result.time_received = wtx.nTimeReceived;
     result.lock_time = wtx.tx->nLockTime;
-    result.is_final = wallet.chain().checkFinalTx(*wtx.tx);
     result.is_trusted = CachedTxIsTrusted(wallet, wtx);
     result.is_abandoned = wtx.isAbandoned();
     result.is_coinbase = wtx.IsCoinBase();
diff --git a/src/wallet/receive.cpp b/src/wallet/receive.cpp
index e598d6f979f..1a6f06213ca 100644
--- a/src/wallet/receive.cpp
+++ b/src/wallet/receive.cpp
@@ -279,8 +279,6 @@ bool CachedTxIsFromMe(const CWallet& wallet, const CWalletTx& wtx, const isminef
 bool CachedTxIsTrusted(const CWallet& wallet, const CWalletTx& wtx, std::set<uint256>& trusted_parents)
 {
     AssertLockHeld(wallet.cs_wallet);
-    // Quick answer in most cases
-    if (!wallet.chain().checkFinalTx(*wtx.tx)) return false;
     int nDepth = wallet.GetTxDepthInMainChain(wtx);
     if (nDepth >= 1) return true;
     if (nDepth < 0) return false;
diff --git a/src/wallet/rpc/coins.cpp b/src/wallet/rpc/coins.cpp
index f10de116626..035541babd4 100644
--- a/src/wallet/rpc/coins.cpp
+++ b/src/wallet/rpc/coins.cpp
@@ -60,8 +60,8 @@ static CAmount GetReceived(const CWallet& wallet, const UniValue& params, bool b
         if (depth < min_depth
             // Coinbase with less than 1 confirmation is no longer in the main chain
             || (wtx.IsCoinBase() && (depth < 1 || !include_coinbase))
-            || (wallet.IsTxImmatureCoinBase(wtx) && !include_immature_coinbase)
-            || !wallet.chain().checkFinalTx(*wtx.tx)) {
+            || (wallet.IsTxImmatureCoinBase(wtx) && !include_immature_coinbase))
+        {
             continue;
         }
 
diff --git a/src/wallet/rpc/transactions.cpp b/src/wallet/rpc/transactions.cpp
index d9034808f4e..eef2c13ee1d 100644
--- a/src/wallet/rpc/transactions.cpp
+++ b/src/wallet/rpc/transactions.cpp
@@ -114,8 +114,8 @@ static UniValue ListReceived(const CWallet& wallet, const UniValue& params, cons
 
         // Coinbase with less than 1 confirmation is no longer in the main chain
         if ((wtx.IsCoinBase() && (nDepth < 1 || !include_coinbase))
-            || (wallet.IsTxImmatureCoinBase(wtx) && !include_immature_coinbase)
-            || !wallet.chain().checkFinalTx(*wtx.tx)) {
+            || (wallet.IsTxImmatureCoinBase(wtx) && !include_immature_coinbase))
+        {
             continue;
         }
 
diff --git a/src/wallet/spend.cpp b/src/wallet/spend.cpp
index 1e47af3f0e3..a42df8262c2 100644
--- a/src/wallet/spend.cpp
+++ b/src/wallet/spend.cpp
@@ -105,10 +105,6 @@ void AvailableCoins(const CWallet& wallet, std::vector<COutput>& vCoins, const C
         const uint256& wtxid = entry.first;
         const CWalletTx& wtx = entry.second;
 
-        if (!wallet.chain().checkFinalTx(*wtx.tx)) {
-            continue;
-        }
-
         if (wallet.IsTxImmatureCoinBase(wtx))
             continue;
 
diff --git a/test/functional/test_runner.py b/test/functional/test_runner.py
index eb2d030f4a8..32497ec96ee 100755
--- a/test/functional/test_runner.py
+++ b/test/functional/test_runner.py
@@ -308,6 +308,7 @@ BASE_SCRIPTS = [
     'feature_coinstatsindex.py --legacy-wallet',
     'feature_coinstatsindex.py --descriptors',
     'wallet_orphanedreward.py',
+    'wallet_timelock.py',
     'p2p_node_network_limited.py',
     'p2p_permissions.py',
     'feature_blocksdir.py',
diff --git a/test/functional/wallet_timelock.py b/test/functional/wallet_timelock.py
new file mode 100755
index 00000000000..cf233a00eff
--- /dev/null
+++ b/test/functional/wallet_timelock.py
@@ -0,0 +1,50 @@
+#!/usr/bin/env python3
+# Copyright (c) 2022 The Bitcoin Core developers
+# Distributed under the MIT software license, see the accompanying
+# file COPYING or http://www.opensource.org/licenses/mit-license.php.
+
+from test_framework.test_framework import BitcoinTestFramework
+from test_framework.util import assert_equal
+
+
+class WalletLocktimeTest(BitcoinTestFramework):
+    def set_test_params(self):
+        self.num_nodes = 1
+
+    def skip_test_if_missing_module(self):
+        self.skip_if_no_wallet()
+
+    def run_test(self):
+        node = self.nodes[0]
+
+        mtp_tip = node.getblockheader(node.getbestblockhash())["mediantime"]
+
+        self.log.info("Get new address with label")
+        label = "timelock⌛🔓"
+        address = node.getnewaddress(label=label)
+
+        self.log.info("Send to new address with locktime")
+        node.send(
+            outputs={address: 5},
+            options={"locktime": mtp_tip - 1},
+        )
+        self.generate(node, 1)
+
+        self.log.info("Check that clock can not change finality of confirmed txs")
+        amount_before_ad = node.getreceivedbyaddress(address)
+        amount_before_lb = node.getreceivedbylabel(label)
+        list_before_ad = node.listreceivedbyaddress(address_filter=address)
+        list_before_lb = node.listreceivedbylabel(include_empty=False)
+        balance_before = node.getbalances()["mine"]["trusted"]
+        coin_before = node.listunspent(maxconf=1)
+        node.setmocktime(mtp_tip - 1)
+        assert_equal(node.getreceivedbyaddress(address), amount_before_ad)
+        assert_equal(node.getreceivedbylabel(label), amount_before_lb)
+        assert_equal(node.listreceivedbyaddress(address_filter=address), list_before_ad)
+        assert_equal(node.listreceivedbylabel(include_empty=False), list_before_lb)
+        assert_equal(node.getbalances()["mine"]["trusted"], balance_before)
+        assert_equal(node.listunspent(maxconf=1), coin_before)
+
+
+if __name__ == "__main__":
+    WalletLocktimeTest().main()