diff --git a/addons/payment_transfer/__init__.py b/addons/payment_transfer/__init__.py
index 81ea421d..96f1329b 100644
--- a/addons/payment_transfer/__init__.py
+++ b/addons/payment_transfer/__init__.py
@@ -3,3 +3,4 @@
 
 from . import models
 from . import controllers
+from flectra.addons.payment.models.payment_acquirer import create_missing_journal_for_acquirers
diff --git a/addons/payment_transfer/__manifest__.py b/addons/payment_transfer/__manifest__.py
index 61b36bea..a26b289e 100644
--- a/addons/payment_transfer/__manifest__.py
+++ b/addons/payment_transfer/__manifest__.py
@@ -15,4 +15,5 @@
     ],
     'installable': True,
     'auto_install': True,
+    'post_init_hook': 'create_missing_journal_for_acquirers',
 }
diff --git a/addons/payment_transfer/models/payment.py b/addons/payment_transfer/models/payment.py
index 5c942f1d..09741c15 100644
--- a/addons/payment_transfer/models/payment.py
+++ b/addons/payment_transfer/models/payment.py
@@ -15,6 +15,19 @@ class TransferPaymentAcquirer(models.Model):
 
     provider = fields.Selection(selection_add=[('transfer', 'Wire Transfer')], default='transfer')
 
+    @api.model
+    def _create_missing_journal_for_acquirers(self, company=None):
+        # By default, the wire transfer method uses the default Bank journal.
+        company = company or self.env.user.company_id
+        acquirers = self.env['payment.acquirer'].search(
+            [('provider', '=', 'transfer'), ('journal_id', '=', False), ('company_id', '=', company.id)])
+
+        bank_journal = self.env['account.journal'].search(
+            [('type', '=', 'bank'), ('company_id', '=', company.id)], limit=1)
+        if bank_journal:
+            acquirers.write({'journal_id': bank_journal.id})
+        return super(TransferPaymentAcquirer, self)._create_missing_journal_for_acquirers(company=company)
+
     def transfer_get_form_action_url(self):
         return '/payment/transfer/feedback'