diff --git a/src/wallet/rpcwallet.cpp b/src/wallet/rpcwallet.cpp
index e6f202713..12f9aca5b 100644
--- a/src/wallet/rpcwallet.cpp
+++ b/src/wallet/rpcwallet.cpp
@@ -5298,6 +5298,12 @@ UniValue z_sendmany(const UniValue& params, bool fHelp, const CPubKey& mypk)
 
     CAmount total_value = 0;
 
+    // correctness: reserve the miner fee during note selection so we don't stop at exactly nTotalOut
+    // and then fail later with a spurious "insufficient funds". Mirrors the nFee computed below.
+    CAmount nFeeReserve = ASYNC_RPC_OPERATION_DEFAULT_MINERS_FEE;
+    if (params.size() > 3)
+        nFeeReserve = (params[3].get_real() == 0.0) ? 0 : AmountFromValue(params[3]);
+
     std::vector<SendManyInputSaplingNote> saplingNoteInputs;
     // Decide which sapling notes will be spent
     for (const SaplingNoteEntry& entry : saplingEntries) {
@@ -5309,8 +5315,8 @@ UniValue z_sendmany(const UniValue& params, bool fHelp, const CPubKey& mypk)
         saplingNoteInputs.emplace_back(entry.op, entry.note, nValue, extsk.expsk);
         total_value += nValue;
         LogPrintf("%s: adding note to spend with value=%s, total_value=%s\n", __func__, FormatMoney(nValue), FormatMoney(total_value) );
-        if (total_value >= nTotalOut) {
-            // we have enough note value to make the tx
+        if (total_value >= nTotalOut + nFeeReserve) {
+            // we have enough note value (incl. miner fee) to make the tx
             LogPrintf("%s: found enough notes, nTotalOut=%s total_value=%s\n", __func__, FormatMoney(nTotalOut), FormatMoney(total_value) );
             break;
         }