diff --git a/account/account.go b/account/account.go
index d15b9e51b..7f04b4f3c 100644
--- a/account/account.go
+++ b/account/account.go
@@ -230,6 +230,11 @@ func (acc *account) UpdateSettings(setts *Settings) error {
 		return errors.Wrap(err, "unable to shutdown plugin in update settings op.")
 	}
 
+	// make sure all needed funcs are initialized
+	if err := initFuncs(setts); err != nil {
+		return err
+	}
+
 	// make a copy
 	acc.setts = setts
 
diff --git a/account/settings.go b/account/settings.go
index 19b8582c1..602c63346 100644
--- a/account/settings.go
+++ b/account/settings.go
@@ -145,18 +145,16 @@ var emptySeed = strings.Repeat("9", 81)
 func DefaultSettings(setts ...Settings) *Settings {
 	if len(setts) == 0 {
 		iotaAPI, _ := api.ComposeAPI(api.HTTPClientSettings{})
-		inMemoryEmptySeedProv := NewInMemorySeedProvider(emptySeed)
 		return &Settings{
 			MWM:                 14,
 			Depth:               3,
-			SeedProv:            inMemoryEmptySeedProv,
+			SeedProv:            NewInMemorySeedProvider(emptySeed),
 			SecurityLevel:       consts.SecurityLevelMedium,
 			TimeSource:          &timesrc.SystemClock{},
 			EventMachine:        &event.DiscardEventMachine{},
 			API:                 iotaAPI,
 			Store:               inmemory.NewInMemoryStore(),
 			InputSelectionStrat: DefaultInputSelection,
-			PrepareTransfers:    DefaultPrepareTransfers(iotaAPI, inMemoryEmptySeedProv),
 		}
 	}
 	defaultValue := func(val uint64, should uint64) uint64 {