Updating an Existing Account
Overview
This guide walks you through updating an existing Hedera account using the Transaction Tool. The account update process allows you to modify various properties of your account such as keys, memo, staking preferences, and other settings on the Hedera network —without creating a new account.
Note: Updating a Hedera account requires submitting an Account Update transaction. The account being updated must pay the transaction fee, and you must have access to the account's private key to authorize changes. Only the account owner can update account properties.
Prerequisites
Before you begin, you should have completed the following:
Transaction Tool Setup: New User Installation Guide.
User Account Configuration: Account Setup process to create your user account.
You should also have:
Private Keys: Access to the private key of the account being updated for signing the transaction.
Account to Update: The Hedera account you want to update must be accessible in your account list.
Sufficient Balance: The account must have enough HBAR to pay transaction fees (typically 0.001 HBAR).
Transaction Properties
Valid Start
The timestamp when the transaction becomes valid for execution.
Yes
2025-04-05T10:00:00Z
Max Transaction Fee
The maximum amount of HBARs the payer is willing to pay for the transaction.
Yes
100000000 (1 HBAR in tinybars)
Transaction Memo
Free-text memo stored with the transaction
No
"Updated Treasury Account 2024"
Account ID
The Hedera account ID to be updated.
Yes
0.0.12345
Accept Staking Rewards
Whether the account declines staking rewards. You need to set this to "false" in order to receive account Rewards.
No
true/false
Receiver Signature Required
If enabled, incoming transfers to this account must also be signed by the receiving account’s key (not only the sender).
No
Enabled/Disabled
Max Automatic Token Associations
Maximum tokens the account can auto-associate
No
100
Staking
Where the account stakes: either to a node (staked_node_id) or to an account (staked_account_id). Choose one or leave unset.
No
0.0.3
Account Public Key
New public key to control the account
No
302a300506032b657003210...
Account Memo
Free-text memo stored on the account.
No
Treasury for game ops
Step-by-Step Guide
Step 1: Prepare the Transaction
You can access the Update Account form in two ways:
Method 1 – Using the Main Menu
Select Create New from the main menu, then choose Transaction.
Select Account, then choose Update account.
Method 2 – From the Accounts list:
On the dashboard, select Accounts from the left navigation panel.
In the list of accounts, select the account you want to update.
On the right-hand side, the Account Information is displayed. Select Edit.
Select Update in network.
Step 2: Configure Update Properties
Fill in the required account parameters in the form. Refer to the Transaction Properties table above for descriptions and examples.
Step 3: Submitting the Transaction
Select Sign and Execute to prepare the transaction for signing. The transaction will not be submitted until the Valid Start time is reached.
Wait for the confirmation message indicating that the update has been processed successfully.
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