diff --git a/packages/bcp/src/decode.spec.ts b/packages/bcp/src/decode.spec.ts
index ce5d6fbd..1a5a3840 100644
--- a/packages/bcp/src/decode.spec.ts
+++ b/packages/bcp/src/decode.spec.ts
@@ -1,6 +1,6 @@
 /* eslint-disable @typescript-eslint/camelcase */
 import { types } from "@cosmwasm/sdk";
-import { Address, Algorithm, TokenTicker } from "@iov/bcp";
+import { Address, Algorithm, SendTransaction, TokenTicker } from "@iov/bcp";
 import { Encoding } from "@iov/encoding";
 
 import {
@@ -37,12 +37,14 @@ describe("decode", () => {
     quantity: "11657995",
     tokenTicker: "ATOM" as TokenTicker,
   };
-  const defaultSendTransaction = {
-    kind: "bcp/send" as const,
+  const defaultMemo = "Best greetings";
+  const defaultSendTransaction: SendTransaction = {
+    kind: "bcp/send",
     chainId: testdata.chainId,
     sender: "cosmos1h806c7khnvmjlywdrkdgk2vrayy2mmvf9rxk2r" as Address,
     recipient: "cosmos1z7g5w84ynmjyg0kqpahdjqpj7yq34v3suckp0e" as Address,
     amount: defaultAmount,
+    memo: defaultMemo,
   };
   const defaultFee = {
     tokens: {
@@ -136,7 +138,7 @@ describe("decode", () => {
           ],
         },
       };
-      expect(parseMsg(msg, testdata.chainId, defaultTokens)).toEqual(defaultSendTransaction);
+      expect(parseMsg(msg, defaultMemo, testdata.chainId, defaultTokens)).toEqual(defaultSendTransaction);
     });
   });
 
@@ -155,7 +157,6 @@ describe("decode", () => {
     });
   });
 
-
   describe("parseSignedTx", () => {
     it("works", () => {
       expect(parseSignedTx(cosmoshub.tx.value, testdata.chainId, testdata.nonce, defaultTokens)).toEqual(
diff --git a/packages/bcp/src/decode.ts b/packages/bcp/src/decode.ts
index 956f3996..5b84e914 100644
--- a/packages/bcp/src/decode.ts
+++ b/packages/bcp/src/decode.ts
@@ -70,7 +70,12 @@ export function decodeAmount(tokens: BankTokens, coin: types.Coin): Amount {
   };
 }
 
-export function parseMsg(msg: types.Msg, chainId: ChainId, tokens: BankTokens): UnsignedTransaction {
+export function parseMsg(
+  msg: types.Msg,
+  memo: string | undefined,
+  chainId: ChainId,
+  tokens: BankTokens,
+): UnsignedTransaction {
   if (types.isMsgSend(msg)) {
     if (msg.value.amount.length !== 1) {
       throw new Error("Only MsgSend with one amount is supported");
@@ -81,6 +86,7 @@ export function parseMsg(msg: types.Msg, chainId: ChainId, tokens: BankTokens):
       sender: msg.value.from_address as Address,
       recipient: msg.value.to_address as Address,
       amount: decodeAmount(tokens, msg.value.amount[0]),
+      memo: memo,
     };
     return send;
   } else {
@@ -117,13 +123,12 @@ export function parseSignedTx(
   }
 
   const [primarySignature] = txValue.signatures.map(signature => decodeFullSignature(signature, nonce));
-  const msg = parseMsg(txValue.msg[0], chainId, tokens);
+  const msg = parseMsg(txValue.msg[0], txValue.memo, chainId, tokens);
   const fee = parseFee(txValue.fee, tokens);
 
-  const transaction = {
+  const transaction: UnsignedTransaction = {
     ...msg,
     chainId: chainId,
-    memo: txValue.memo,
     fee: fee,
   };
 
diff --git a/packages/bcp/types/decode.d.ts b/packages/bcp/types/decode.d.ts
index cb68994d..7908393f 100644
--- a/packages/bcp/types/decode.d.ts
+++ b/packages/bcp/types/decode.d.ts
@@ -18,7 +18,12 @@ export declare function decodeSignature(signature: string): SignatureBytes;
 export declare function decodeFullSignature(signature: types.StdSignature, nonce: number): FullSignature;
 export declare function coinToDecimal(tokens: BankTokens, coin: types.Coin): readonly [Decimal, string];
 export declare function decodeAmount(tokens: BankTokens, coin: types.Coin): Amount;
-export declare function parseMsg(msg: types.Msg, chainId: ChainId, tokens: BankTokens): UnsignedTransaction;
+export declare function parseMsg(
+  msg: types.Msg,
+  memo: string | undefined,
+  chainId: ChainId,
+  tokens: BankTokens,
+): UnsignedTransaction;
 export declare function parseFee(fee: types.StdFee, tokens: BankTokens): Fee;
 export declare function parseSignedTx(
   txValue: types.StdTx,