diff --git a/x/bank/keeper/keeper.go b/x/bank/keeper/keeper.go
index eaa8d1a95..8af28ed44 100644
--- a/x/bank/keeper/keeper.go
+++ b/x/bank/keeper/keeper.go
@@ -357,15 +357,19 @@ func (k BaseKeeper) DeferredSendCoinsFromModuleToAccount(
 		return sdkerrors.Wrapf(sdkerrors.ErrUnauthorized, "%s is not allowed to receive funds", recipientAddr)
 	}
 
-	// Branch Context for validation and fail if the module doesn't have enough coins
-	// but don't write this to the underlying store
-	validationContext, _ := ctx.CacheContext()
-	err := k.subUnlockedCoins(validationContext, moduleAddr, amount)
-	if err != nil {
-		return err
+	// Subtract from any pending sends fist
+	ok := ctx.ContextMemCache().SafeSubDeferredSends(moduleAccount, amount)
+	if !ok {
+		// Branch Context for validation and fail if the module doesn't have enough coins
+		// but don't write this to the underlying store
+		validationContext, _ := ctx.CacheContext()
+		err := k.subUnlockedCoins(validationContext, moduleAddr, amount)
+		if err != nil {
+			return err
+		}
 	}
 
-	err = k.addCoins(ctx, recipientAddr, amount)
+	err := k.addCoins(ctx, recipientAddr, amount)
 	if err != nil {
 		return err
 	}
@@ -619,6 +623,14 @@ func (k BaseKeeper) destroyCoins(ctx sdk.Context, moduleName string, amounts sdk
 // It will panic if the module account does not exist or is unauthorized.
 func (k BaseKeeper) BurnCoins(ctx sdk.Context, moduleName string, amounts sdk.Coins) error {
 	subFn := func(ctx sdk.Context, moduleName string, amounts sdk.Coins) error {
+
+		// Try subtract from the in mem var first, prevents the condition where
+		// the module may have a pending deposit that would be enough to pay for this send
+		ok := ctx.ContextMemCache().SafeSubDeferredSends(moduleName, amounts)
+		if ok {
+			return nil
+		}
+
 		acc := k.ak.GetModuleAccount(ctx, moduleName)
 		return k.subUnlockedCoins(ctx, acc.GetAddress(), amounts)
 	}
@@ -642,8 +654,16 @@ func (k BaseKeeper) DeferredBurnCoins(ctx sdk.Context, moduleName string, amount
 		// Branch Context for validation and fail if the module doesn't have enough coins
 		// but don't write this to the underlying store
 		validationContext, _ := ctx.CacheContext()
-		acc := k.ak.GetModuleAccount(ctx, moduleName)
-		err := k.subUnlockedCoins(validationContext, acc.GetAddress(), amounts)
+		moduleAcc := k.ak.GetModuleAccount(ctx, moduleName)
+
+		// Try subtract from the in mem var first, prevents the condition where
+		// the module may have a pending deposit that would be enough to pay for this send
+		ok := ctx.ContextMemCache().SafeSubDeferredSends(moduleName, amounts)
+		if ok {
+			return nil
+		}
+
+		err := k.subUnlockedCoins(validationContext, moduleAcc.GetAddress(), amounts)
 		if err != nil {
 			return err
 		}