diff --git a/packages/loot-core/src/client/actions/account.ts b/packages/loot-core/src/client/actions/account.ts
index e10263f6cb..426f63a971 100644
--- a/packages/loot-core/src/client/actions/account.ts
+++ b/packages/loot-core/src/client/actions/account.ts
@@ -62,10 +62,6 @@ export function linkAccount(
   offBudget?: boolean,
 ) {
   return async (dispatch: Dispatch) => {
-    if (upgradingId) {
-      await dispatch(setAccountsSyncing([upgradingId]));
-    }
-
     await send('gocardless-accounts-link', {
       requisitionId,
       account,
@@ -83,10 +79,6 @@ export function linkAccountSimpleFin(
   offBudget?: boolean,
 ) {
   return async (dispatch: Dispatch) => {
-    if (upgradingId) {
-      await dispatch(setAccountsSyncing([upgradingId]));
-    }
-
     await send('simplefin-accounts-link', {
       externalAccount,
       upgradingId,
diff --git a/upcoming-release-notes/3720.md b/upcoming-release-notes/3720.md
new file mode 100644
index 0000000000..b05be5611e
--- /dev/null
+++ b/upcoming-release-notes/3720.md
@@ -0,0 +1,6 @@
+---
+category: Bugfix
+authors: [MatissJanis]
+---
+
+Revert initial bank-sync operation status indicator change.