diff --git a/wallet/db.c b/wallet/db.c
index 60cf44003..575ee67ff 100644
--- a/wallet/db.c
+++ b/wallet/db.c
@@ -332,7 +332,7 @@ static int db_migration_count(void)
 /**
  * db_migrate - Apply all remaining migrations from the current version
  */
-static void db_migrate(struct db *db)
+static void db_migrate(struct db *db, struct log *log)
 {
 	/* Attempt to read the version from the database */
 	int current, available;
@@ -342,6 +342,12 @@ static void db_migrate(struct db *db)
 	current = db_get_version(db);
 	available = db_migration_count();
 
+	if (current == -1)
+		log_info(log, "Creating database");
+	else if (current != available)
+		log_info(log, "Updating database from version %u to %u",
+			 current, available);
+
 	while (++current <= available)
 		db_exec(__func__, db, "%s", dbmigrations[current]);
 
@@ -351,11 +357,11 @@ static void db_migrate(struct db *db)
 	db_commit_transaction(db);
 }
 
-struct db *db_setup(const tal_t *ctx)
+struct db *db_setup(const tal_t *ctx, struct log *log)
 {
 	struct db *db = db_open(ctx, DB_FILE);
 
-	db_migrate(db);
+	db_migrate(db, log);
 	return db;
 }
 
diff --git a/wallet/db.h b/wallet/db.h
index 2e7d18612..eb731acbf 100644
--- a/wallet/db.h
+++ b/wallet/db.h
@@ -13,6 +13,8 @@
 #include <sqlite3.h>
 #include <stdbool.h>
 
+struct log;
+
 struct db {
 	char *filename;
 	const char *in_transaction;
@@ -30,7 +32,7 @@ struct db {
  *  @ctx: the tal_t context to allocate from
  *  @log: where to log messages to
  */
-struct db *db_setup(const tal_t *ctx);
+struct db *db_setup(const tal_t *ctx, struct log *log);
 
 /**
  * db_query - Prepare and execute a query, and return the result (or NULL)
diff --git a/wallet/test/run-db.c b/wallet/test/run-db.c
index 22d6ca4ea..10e05f19a 100644
--- a/wallet/test/run-db.c
+++ b/wallet/test/run-db.c
@@ -3,6 +3,11 @@
 static void db_fatal(const char *fmt, ...);
 #define fatal db_fatal
 
+static void db_log_(struct log *log, enum log_level level, const char *fmt, ...)
+{
+}
+#define log_ db_log_
+
 #include "wallet/db.c"
 
 #include "test_utils.h"
@@ -48,7 +53,7 @@ static bool test_empty_db_migrate(void)
 	db_begin_transaction(db);
 	CHECK(db_get_version(db) == -1);
 	db_commit_transaction(db);
-	db_migrate(db);
+	db_migrate(db, NULL);
 	db_begin_transaction(db);
 	CHECK(db_get_version(db) == db_migration_count());
 	db_commit_transaction(db);
@@ -86,7 +91,7 @@ static bool test_vars(void)
 	struct db *db = create_test_db(__func__);
 	char *varname = "testvar";
 	CHECK(db);
-	db_migrate(db);
+	db_migrate(db, NULL);
 
 	db_begin_transaction(db);
 	/* Check default behavior */
diff --git a/wallet/test/run-wallet.c b/wallet/test/run-wallet.c
index 0a34e3047..66855b814 100644
--- a/wallet/test/run-wallet.c
+++ b/wallet/test/run-wallet.c
@@ -4,6 +4,11 @@ static void wallet_fatal(const char *fmt, ...);
 #define fatal wallet_fatal
 #include "test_utils.h"
 
+static void db_log_(struct log *log, enum log_level level, const char *fmt, ...)
+{
+}
+#define log_ db_log_
+
 #include "wallet/wallet.c"
 
 #include "wallet/db.c"
@@ -65,14 +70,15 @@ static struct wallet *create_test_wallet(const tal_t *ctx)
 
 	w->db = db_open(w, filename);
 
-	CHECK_MSG(w->db, "Failed opening the db");
-	db_migrate(w->db);
-	CHECK_MSG(!wallet_err, "DB migration failed");
-
 	ltmp = tal_tmpctx(ctx);
 	log_book = new_log_book(w, 20*1024*1024, LOG_DBG);
 	w->log = new_log(w, log_book, "wallet_tests(%u):", (int)getpid());
 
+	CHECK_MSG(w->db, "Failed opening the db");
+	db_migrate(w->db, w->log);
+	CHECK_MSG(!wallet_err, "DB migration failed");
+
+
 	return w;
 }
 
@@ -87,7 +93,7 @@ static bool test_wallet_outputs(void)
 
 	w->db = db_open(w, filename);
 	CHECK_MSG(w->db, "Failed opening the db");
-	db_migrate(w->db);
+	db_migrate(w->db, NULL);
 	CHECK_MSG(!wallet_err, "DB migration failed");
 
 	memset(&u, 0, sizeof(u));
@@ -142,7 +148,7 @@ static bool test_shachain_crud(void)
 
 	w->db = db_open(w, filename);
 	CHECK_MSG(w->db, "Failed opening the db");
-	db_migrate(w->db);
+	db_migrate(w->db, NULL);
 	CHECK_MSG(!wallet_err, "DB migration failed");
 
 	CHECK_MSG(fd != -1, "Unable to generate temp filename");
diff --git a/wallet/wallet.c b/wallet/wallet.c
index 321dfc045..ef4b31593 100644
--- a/wallet/wallet.c
+++ b/wallet/wallet.c
@@ -17,7 +17,7 @@
 struct wallet *wallet_new(const tal_t *ctx, struct log *log)
 {
 	struct wallet *wallet = tal(ctx, struct wallet);
-	wallet->db = db_setup(wallet);
+	wallet->db = db_setup(wallet, log);
 	wallet->log = log;
 	wallet->bip32_base = NULL;
 	return wallet;