diff --git a/src/common/utils/__tests__/validations.test.ts b/src/common/utils/__tests__/validations.test.ts
new file mode 100644
index 0000000000..e088fa0f37
--- /dev/null
+++ b/src/common/utils/__tests__/validations.test.ts
@@ -0,0 +1,57 @@
+import { Accounts } from "~/types";
+import { getUniqueAccountName } from "~/common/utils/validations";
+
+function getMockAccounts(names: string[]): Accounts {
+  const accounts: Accounts = {};
+  names.forEach((name: string, index: number) => {
+    accounts[(index + 1).toString()] = {
+      id: (index + 1).toString(),
+      connector: "lnd",
+      config: "",
+      name,
+    };
+  });
+  return accounts;
+}
+
+describe("getUniqueAccountName", () => {
+  test("should return the same name if account account is not present yet", () => {
+    const name = "Lnd";
+    const accounts: Accounts = {};
+    const result = getUniqueAccountName(name, accounts);
+
+    expect(result).toBe(name);
+  });
+
+  test("should append suffix '(1)' if account name already present", () => {
+    const name = "Lnd";
+    const accounts: Accounts = getMockAccounts(["Lnd"]);
+    const result = getUniqueAccountName(name, accounts);
+
+    expect(result).toBe("Lnd (1)");
+  });
+
+  test("should append increased suffix '(2)' if account name already present", () => {
+    const name = "Lnd";
+    const accounts: Accounts = getMockAccounts(["Lnd", "Lnd (1)"]);
+    const result = getUniqueAccountName(name, accounts);
+
+    expect(result).toBe("Lnd (2)");
+  });
+
+  test("should append increased suffix '(2)' if suffix (1) is already present", () => {
+    const name = "Lnd";
+    const accounts: Accounts = getMockAccounts(["Lnd", "Lnd (1)"]);
+    const result = getUniqueAccountName(name, accounts);
+
+    expect(result).toBe("Lnd (2)");
+  });
+
+  test("should append increased suffix '(1)' if any suffix is present", () => {
+    const name = "Lnd";
+    const accounts: Accounts = getMockAccounts(["Lnd", "Lnd (test)"]);
+    const result = getUniqueAccountName(name, accounts);
+
+    expect(result).toBe("Lnd (1)");
+  });
+});
diff --git a/src/common/utils/validations.ts b/src/common/utils/validations.ts
index 8969d00d4b..1fe4db918a 100644
--- a/src/common/utils/validations.ts
+++ b/src/common/utils/validations.ts
@@ -1,3 +1,5 @@
+import { Account, Accounts } from "~/types";
+
 export const validate = (formData: Record<string, string>) => {
   let password = "";
   let passwordConfirmation = "";
@@ -14,3 +16,24 @@ export const validate = (formData: Record<string, string>) => {
     passwordConfirmation,
   };
 };
+
+export function getUniqueAccountName(name: string, accounts: Accounts): string {
+  const accountNames = Object.values(accounts).map((el: Account) => el.name);
+
+  let count = 1;
+  let uniqueName = name;
+
+  while (accountNames.includes(uniqueName)) {
+    const match = uniqueName.match(/\((\d+)\)$/);
+
+    if (match) {
+      const currentCount = parseInt(match[1]);
+      count = currentCount + 1;
+      uniqueName = uniqueName.replace(/\(\d+\)$/, `(${count})`);
+    } else {
+      uniqueName = `${name} (${count})`;
+    }
+  }
+
+  return uniqueName;
+}
diff --git a/src/extension/background-script/actions/accounts/add.ts b/src/extension/background-script/actions/accounts/add.ts
index 91f15c68d4..3276a78c7a 100644
--- a/src/extension/background-script/actions/accounts/add.ts
+++ b/src/extension/background-script/actions/accounts/add.ts
@@ -2,10 +2,12 @@ import { v4 as uuidv4 } from "uuid";
 import { encryptData } from "~/common/lib/crypto";
 import state from "~/extension/background-script/state";
 import type { MessageAccountAdd } from "~/types";
+import { getUniqueAccountName } from "~/common/utils/validations";
 
 const add = async (message: MessageAccountAdd) => {
   const newAccount = message.args;
   const accounts = state.getState().accounts;
+  const name = getUniqueAccountName(newAccount.name, accounts);
   const tmpAccounts = { ...accounts };
 
   // TODO: add validations
@@ -19,6 +21,7 @@ const add = async (message: MessageAccountAdd) => {
   tmpAccounts[accountId] = {
     ...newAccount,
     id: accountId,
+    name,
   };
 
   state.setState({ accounts: tmpAccounts });