diff --git a/Makefile b/Makefile
index a896678d7d..96be180fd2 100644
--- a/Makefile
+++ b/Makefile
@@ -15,7 +15,7 @@ GOTOOLS = \
 	github.com/rakyll/statik
 GOBIN ?= $(GOPATH)/bin
 
-all: devtools install test_lint test
+all: devtools vendor-deps install test_lint test
 
 # The below include contains the tools target.
 include scripts/Makefile
diff --git a/cmd/gaia/app/app.go b/cmd/gaia/app/app.go
index e99d0b8088..2d66bd9342 100644
--- a/cmd/gaia/app/app.go
+++ b/cmd/gaia/app/app.go
@@ -102,7 +102,11 @@ func NewGaiaApp(logger log.Logger, db dbm.DB, traceStore io.Writer, loadLatest b
 	)
 
 	// add handlers
-	app.bankKeeper = bank.NewBaseKeeper(app.accountKeeper)
+	app.bankKeeper = bank.NewBaseKeeper(
+		app.accountKeeper,
+		app.paramsKeeper.Subspace(bank.DefaultParamspace),
+		bank.DefaultCodespace,
+	)
 	app.feeCollectionKeeper = auth.NewFeeCollectionKeeper(
 		app.cdc,
 		app.keyFeeCollection,
@@ -248,6 +252,7 @@ func (app *GaiaApp) initFromGenesisState(ctx sdk.Context, genesisState GenesisSt
 
 	// initialize module-specific stores
 	auth.InitGenesis(ctx, app.accountKeeper, app.feeCollectionKeeper, genesisState.AuthData)
+	bank.InitGenesis(ctx, app.bankKeeper, genesisState.BankData)
 	slashing.InitGenesis(ctx, app.slashingKeeper, genesisState.SlashingData, genesisState.StakingData)
 	gov.InitGenesis(ctx, app.govKeeper, genesisState.GovData)
 	mint.InitGenesis(ctx, app.mintKeeper, genesisState.MintData)
diff --git a/cmd/gaia/app/app_test.go b/cmd/gaia/app/app_test.go
index 5f2b5b9687..81f57abd6a 100644
--- a/cmd/gaia/app/app_test.go
+++ b/cmd/gaia/app/app_test.go
@@ -4,6 +4,8 @@ import (
 	"os"
 	"testing"
 
+	"github.com/cosmos/cosmos-sdk/x/bank"
+
 	"github.com/stretchr/testify/require"
 	"github.com/tendermint/tendermint/libs/db"
 	"github.com/tendermint/tendermint/libs/log"
@@ -28,6 +30,7 @@ func setGenesis(gapp *GaiaApp, accs ...*auth.BaseAccount) error {
 	genesisState := NewGenesisState(
 		genaccs,
 		auth.DefaultGenesisState(),
+		bank.DefaultGenesisState(),
 		staking.DefaultGenesisState(),
 		mint.DefaultGenesisState(),
 		distr.DefaultGenesisState(),
diff --git a/cmd/gaia/app/export.go b/cmd/gaia/app/export.go
index f535d13733..edf319cfa1 100644
--- a/cmd/gaia/app/export.go
+++ b/cmd/gaia/app/export.go
@@ -9,6 +9,7 @@ import (
 	"github.com/cosmos/cosmos-sdk/codec"
 	sdk "github.com/cosmos/cosmos-sdk/types"
 	"github.com/cosmos/cosmos-sdk/x/auth"
+	"github.com/cosmos/cosmos-sdk/x/bank"
 	distr "github.com/cosmos/cosmos-sdk/x/distribution"
 	"github.com/cosmos/cosmos-sdk/x/gov"
 	"github.com/cosmos/cosmos-sdk/x/mint"
@@ -39,6 +40,7 @@ func (app *GaiaApp) ExportAppStateAndValidators(forZeroHeight bool) (
 	genState := NewGenesisState(
 		accounts,
 		auth.ExportGenesis(ctx, app.accountKeeper, app.feeCollectionKeeper),
+		bank.ExportGenesis(ctx, app.bankKeeper),
 		staking.ExportGenesis(ctx, app.stakingKeeper),
 		mint.ExportGenesis(ctx, app.mintKeeper),
 		distr.ExportGenesis(ctx, app.distrKeeper),
diff --git a/cmd/gaia/app/genesis.go b/cmd/gaia/app/genesis.go
index b0010323ba..b8b9aa1227 100644
--- a/cmd/gaia/app/genesis.go
+++ b/cmd/gaia/app/genesis.go
@@ -10,6 +10,8 @@ import (
 	"sort"
 	"strings"
 
+	"github.com/cosmos/cosmos-sdk/x/bank"
+
 	tmtypes "github.com/tendermint/tendermint/types"
 
 	"github.com/cosmos/cosmos-sdk/codec"
@@ -34,6 +36,7 @@ var (
 type GenesisState struct {
 	Accounts     []GenesisAccount      `json:"accounts"`
 	AuthData     auth.GenesisState     `json:"auth"`
+	BankData     bank.GenesisState     `json:"bank"`
 	StakingData  staking.GenesisState  `json:"staking"`
 	MintData     mint.GenesisState     `json:"mint"`
 	DistrData    distr.GenesisState    `json:"distr"`
@@ -43,6 +46,7 @@ type GenesisState struct {
 }
 
 func NewGenesisState(accounts []GenesisAccount, authData auth.GenesisState,
+	bankData bank.GenesisState,
 	stakingData staking.GenesisState, mintData mint.GenesisState,
 	distrData distr.GenesisState, govData gov.GenesisState,
 	slashingData slashing.GenesisState) GenesisState {
@@ -50,6 +54,7 @@ func NewGenesisState(accounts []GenesisAccount, authData auth.GenesisState,
 	return GenesisState{
 		Accounts:     accounts,
 		AuthData:     authData,
+		BankData:     bankData,
 		StakingData:  stakingData,
 		MintData:     mintData,
 		DistrData:    distrData,
@@ -201,6 +206,7 @@ func NewDefaultGenesisState() GenesisState {
 	return GenesisState{
 		Accounts:     nil,
 		AuthData:     auth.DefaultGenesisState(),
+		BankData:     bank.DefaultGenesisState(),
 		StakingData:  staking.DefaultGenesisState(),
 		MintData:     mint.DefaultGenesisState(),
 		DistrData:    distr.DefaultGenesisState(),
@@ -227,6 +233,9 @@ func GaiaValidateGenesisState(genesisState GenesisState) error {
 	if err := auth.ValidateGenesis(genesisState.AuthData); err != nil {
 		return err
 	}
+	if err := bank.ValidateGenesis(genesisState.BankData); err != nil {
+		return err
+	}
 	if err := staking.ValidateGenesis(genesisState.StakingData); err != nil {
 		return err
 	}
diff --git a/cmd/gaia/app/sim_test.go b/cmd/gaia/app/sim_test.go
index b88e809eba..44e53425c7 100644
--- a/cmd/gaia/app/sim_test.go
+++ b/cmd/gaia/app/sim_test.go
@@ -20,6 +20,7 @@ import (
 	sdk "github.com/cosmos/cosmos-sdk/types"
 	"github.com/cosmos/cosmos-sdk/x/auth"
 	authsim "github.com/cosmos/cosmos-sdk/x/auth/simulation"
+	"github.com/cosmos/cosmos-sdk/x/bank"
 	banksim "github.com/cosmos/cosmos-sdk/x/bank/simulation"
 	distr "github.com/cosmos/cosmos-sdk/x/distribution"
 	distrsim "github.com/cosmos/cosmos-sdk/x/distribution/simulation"
@@ -118,6 +119,9 @@ func appStateFn(r *rand.Rand, accs []simulation.Account, genesisTimestamp time.T
 	}
 	fmt.Printf("Selected randomly generated auth parameters:\n\t%+v\n", authGenesis)
 
+	bankGenesis := bank.NewGenesisState(r.Int63n(2) == 0)
+	fmt.Printf("Selected randomly generated bank parameters:\n\t%+v\n", bankGenesis)
+
 	// Random genesis states
 	vp := time.Duration(r.Intn(2*172800)) * time.Second
 	govGenesis := gov.GenesisState{
@@ -203,6 +207,7 @@ func appStateFn(r *rand.Rand, accs []simulation.Account, genesisTimestamp time.T
 	genesis := GenesisState{
 		Accounts:     genesisAccounts,
 		AuthData:     authGenesis,
+		BankData:     bankGenesis,
 		StakingData:  stakingGenesis,
 		MintData:     mintGenesis,
 		DistrData:    distrGenesis,
diff --git a/cmd/gaia/cmd/gaiadebug/hack.go b/cmd/gaia/cmd/gaiadebug/hack.go
index 022192861e..aa70b3fb0b 100644
--- a/cmd/gaia/cmd/gaiadebug/hack.go
+++ b/cmd/gaia/cmd/gaiadebug/hack.go
@@ -178,7 +178,7 @@ func NewGaiaApp(logger log.Logger, db dbm.DB, baseAppOptions ...func(*bam.BaseAp
 	)
 
 	// add handlers
-	app.bankKeeper = bank.NewBaseKeeper(app.accountKeeper)
+	app.bankKeeper = bank.NewBaseKeeper(app.accountKeeper, app.paramsKeeper.Subspace(bank.DefaultParamspace), bank.DefaultCodespace)
 	app.stakingKeeper = staking.NewKeeper(app.cdc, app.keyStaking, app.tkeyStaking, app.bankKeeper, app.paramsKeeper.Subspace(staking.DefaultParamspace), staking.DefaultCodespace)
 	app.slashingKeeper = slashing.NewKeeper(app.cdc, app.keySlashing, app.stakingKeeper, app.paramsKeeper.Subspace(slashing.DefaultParamspace), slashing.DefaultCodespace)
 
diff --git a/x/bank/app_test.go b/x/bank/app_test.go
index 36e084b73a..a6e9d6dfef 100644
--- a/x/bank/app_test.go
+++ b/x/bank/app_test.go
@@ -91,6 +91,17 @@ func getMockApp(t *testing.T) *mock.App {
 	return mapp
 }
 
+// overwrite the mock init chainer
+func getInitChainer(mapp *mock.App, keeper BaseKeeper) sdk.InitChainer {
+	return func(ctx sdk.Context, req abci.RequestInitChain) abci.ResponseInitChain {
+		mapp.InitChainer(ctx, req)
+		bankGenesis := DefaultGenesisState()
+		InitGenesis(ctx, keeper, bankGenesis)
+
+		return abci.ResponseInitChain{}
+	}
+}
+
 func TestMsgSendWithAccounts(t *testing.T) {
 	mapp := getMockApp(t)
 	acc := &auth.BaseAccount{
diff --git a/x/bank/bench_test.go b/x/bank/bench_test.go
index a3f69dcdd4..5eb7027131 100644
--- a/x/bank/bench_test.go
+++ b/x/bank/bench_test.go
@@ -16,8 +16,13 @@ func getBenchmarkMockApp() (*mock.App, error) {
 	mapp := mock.NewApp()
 
 	RegisterCodec(mapp.Cdc)
-	bankKeeper := NewBaseKeeper(mapp.AccountKeeper)
+	bankKeeper := NewBaseKeeper(
+		mapp.AccountKeeper,
+		mapp.ParamsKeeper.Subspace(DefaultParamspace),
+		DefaultCodespace,
+	)
 	mapp.Router().AddRoute("bank", NewHandler(bankKeeper))
+	mapp.SetInitChainer(getInitChainer(mapp, bankKeeper))
 
 	err := mapp.CompleteSetup()
 	return mapp, err
diff --git a/x/bank/errors.go b/x/bank/errors.go
index 5df5cfdce5..fd42118995 100644
--- a/x/bank/errors.go
+++ b/x/bank/errors.go
@@ -11,6 +11,7 @@ const (
 
 	CodeInvalidInput  sdk.CodeType = 101
 	CodeInvalidOutput sdk.CodeType = 102
+	CodeSendDisabled  sdk.CodeType = 103
 )
 
 // NOTE: Don't stringer this, we'll put better messages in later.
@@ -44,6 +45,10 @@ func ErrNoOutputs(codespace sdk.CodespaceType) sdk.Error {
 	return newError(codespace, CodeInvalidOutput, "")
 }
 
+func ErrSendDisabled(codespace sdk.CodespaceType) sdk.Error {
+	return newError(codespace, CodeSendDisabled, "")
+}
+
 //----------------------------------------
 
 func msgOrDefaultMsg(msg string, code sdk.CodeType) string {
diff --git a/x/bank/genesis.go b/x/bank/genesis.go
new file mode 100644
index 0000000000..b85ba21937
--- /dev/null
+++ b/x/bank/genesis.go
@@ -0,0 +1,32 @@
+package bank
+
+import (
+	sdk "github.com/cosmos/cosmos-sdk/types"
+)
+
+// GenesisState is the bank state that must be provided at genesis.
+type GenesisState struct {
+	SendEnabled bool `json:"send_enabled"`
+}
+
+// NewGenesisState creates a new genesis state.
+func NewGenesisState(sendEnabled bool) GenesisState {
+	return GenesisState{SendEnabled: sendEnabled}
+}
+
+// Return a default genesis state
+func DefaultGenesisState() GenesisState { return NewGenesisState(true) }
+
+// InitGenesis sets distribution information for genesis.
+func InitGenesis(ctx sdk.Context, keeper Keeper, data GenesisState) {
+	keeper.SetSendEnabled(ctx, data.SendEnabled)
+}
+
+// ExportGenesis returns a GenesisState for a given context and keeper.
+func ExportGenesis(ctx sdk.Context, keeper Keeper) GenesisState {
+	return NewGenesisState(keeper.GetSendEnabled(ctx))
+}
+
+// ValidateGenesis performs basic validation of bank genesis data returning an
+// error for any failed validation criteria.
+func ValidateGenesis(data GenesisState) error { return nil }
diff --git a/x/bank/handler.go b/x/bank/handler.go
index 9b40957000..2d1abf8226 100644
--- a/x/bank/handler.go
+++ b/x/bank/handler.go
@@ -20,6 +20,9 @@ func NewHandler(k Keeper) sdk.Handler {
 // Handle MsgSend.
 func handleMsgSend(ctx sdk.Context, k Keeper, msg MsgSend) sdk.Result {
 	// NOTE: totalIn == totalOut should already have been checked
+	if !k.GetSendEnabled(ctx) {
+		return ErrSendDisabled(k.Codespace()).Result()
+	}
 	tags, err := k.InputOutputCoins(ctx, msg.Inputs, msg.Outputs)
 	if err != nil {
 		return err.Result()
diff --git a/x/bank/keeper.go b/x/bank/keeper.go
index 499b43e594..3055d8df4c 100644
--- a/x/bank/keeper.go
+++ b/x/bank/keeper.go
@@ -6,6 +6,7 @@ import (
 
 	sdk "github.com/cosmos/cosmos-sdk/types"
 	"github.com/cosmos/cosmos-sdk/x/auth"
+	"github.com/cosmos/cosmos-sdk/x/params"
 )
 
 //-----------------------------------------------------------------------------
@@ -32,14 +33,20 @@ type Keeper interface {
 type BaseKeeper struct {
 	BaseSendKeeper
 
-	ak auth.AccountKeeper
+	ak         auth.AccountKeeper
+	paramSpace params.Subspace
 }
 
 // NewBaseKeeper returns a new BaseKeeper
-func NewBaseKeeper(ak auth.AccountKeeper) BaseKeeper {
+func NewBaseKeeper(ak auth.AccountKeeper,
+	paramSpace params.Subspace,
+	codespace sdk.CodespaceType) BaseKeeper {
+
+	ps := paramSpace.WithTypeTable(ParamTypeTable())
 	return BaseKeeper{
-		BaseSendKeeper: NewBaseSendKeeper(ak),
+		BaseSendKeeper: NewBaseSendKeeper(ak, ps, codespace),
 		ak:             ak,
+		paramSpace:     ps,
 	}
 }
 
@@ -95,6 +102,9 @@ type SendKeeper interface {
 	ViewKeeper
 
 	SendCoins(ctx sdk.Context, fromAddr sdk.AccAddress, toAddr sdk.AccAddress, amt sdk.Coins) (sdk.Tags, sdk.Error)
+
+	GetSendEnabled(ctx sdk.Context) bool
+	SetSendEnabled(ctx sdk.Context, enabled bool)
 }
 
 var _ SendKeeper = (*BaseSendKeeper)(nil)
@@ -104,14 +114,18 @@ var _ SendKeeper = (*BaseSendKeeper)(nil)
 type BaseSendKeeper struct {
 	BaseViewKeeper
 
-	ak auth.AccountKeeper
+	ak         auth.AccountKeeper
+	paramSpace params.Subspace
 }
 
 // NewBaseSendKeeper returns a new BaseSendKeeper.
-func NewBaseSendKeeper(ak auth.AccountKeeper) BaseSendKeeper {
+func NewBaseSendKeeper(ak auth.AccountKeeper,
+	paramSpace params.Subspace, codespace sdk.CodespaceType) BaseSendKeeper {
+
 	return BaseSendKeeper{
-		BaseViewKeeper: NewBaseViewKeeper(ak),
+		BaseViewKeeper: NewBaseViewKeeper(ak, codespace),
 		ak:             ak,
+		paramSpace:     paramSpace,
 	}
 }
 
@@ -119,10 +133,22 @@ func NewBaseSendKeeper(ak auth.AccountKeeper) BaseSendKeeper {
 func (keeper BaseSendKeeper) SendCoins(
 	ctx sdk.Context, fromAddr sdk.AccAddress, toAddr sdk.AccAddress, amt sdk.Coins,
 ) (sdk.Tags, sdk.Error) {
-
 	return sendCoins(ctx, keeper.ak, fromAddr, toAddr, amt)
 }
 
+// GetSendEnabled returns the current SendEnabled
+// nolint: errcheck
+func (keeper BaseSendKeeper) GetSendEnabled(ctx sdk.Context) bool {
+	var enabled bool
+	keeper.paramSpace.Get(ctx, ParamStoreKeySendEnabled, &enabled)
+	return enabled
+}
+
+// nolint: errcheck
+func (keeper BaseSendKeeper) SetSendEnabled(ctx sdk.Context, enabled bool) {
+	keeper.paramSpace.Set(ctx, ParamStoreKeySendEnabled, &enabled)
+}
+
 //-----------------------------------------------------------------------------
 // View Keeper
 
@@ -133,18 +159,19 @@ var _ ViewKeeper = (*BaseViewKeeper)(nil)
 type ViewKeeper interface {
 	GetCoins(ctx sdk.Context, addr sdk.AccAddress) sdk.Coins
 	HasCoins(ctx sdk.Context, addr sdk.AccAddress, amt sdk.Coins) bool
+
+	Codespace() sdk.CodespaceType
 }
 
 // BaseViewKeeper implements a read only keeper implementation of ViewKeeper.
 type BaseViewKeeper struct {
-	ak auth.AccountKeeper
+	ak        auth.AccountKeeper
+	codespace sdk.CodespaceType
 }
 
 // NewBaseViewKeeper returns a new BaseViewKeeper.
-func NewBaseViewKeeper(ak auth.AccountKeeper) BaseViewKeeper {
-	return BaseViewKeeper{
-		ak: ak,
-	}
+func NewBaseViewKeeper(ak auth.AccountKeeper, codespace sdk.CodespaceType) BaseViewKeeper {
+	return BaseViewKeeper{ak: ak, codespace: codespace}
 }
 
 // GetCoins returns the coins at the addr.
@@ -157,6 +184,11 @@ func (keeper BaseViewKeeper) HasCoins(ctx sdk.Context, addr sdk.AccAddress, amt
 	return hasCoins(ctx, keeper.ak, addr, amt)
 }
 
+// Codespace returns the keeper's codespace.
+func (keeper BaseViewKeeper) Codespace() sdk.CodespaceType {
+	return keeper.codespace
+}
+
 //-----------------------------------------------------------------------------
 // Auxiliary
 
diff --git a/x/bank/keeper_test.go b/x/bank/keeper_test.go
index 8a3d4dc838..23e6321abc 100644
--- a/x/bank/keeper_test.go
+++ b/x/bank/keeper_test.go
@@ -21,6 +21,7 @@ type testInput struct {
 	cdc *codec.Codec
 	ctx sdk.Context
 	ak  auth.AccountKeeper
+	pk  params.Keeper
 }
 
 func setupTestInput() testInput {
@@ -49,13 +50,14 @@ func setupTestInput() testInput {
 
 	ak.SetParams(ctx, auth.DefaultParams())
 
-	return testInput{cdc: cdc, ctx: ctx, ak: ak}
+	return testInput{cdc: cdc, ctx: ctx, ak: ak, pk: pk}
 }
 
 func TestKeeper(t *testing.T) {
 	input := setupTestInput()
 	ctx := input.ctx
-	bankKeeper := NewBaseKeeper(input.ak)
+	bankKeeper := NewBaseKeeper(input.ak, input.pk.Subspace(DefaultParamspace), DefaultCodespace)
+	bankKeeper.SetSendEnabled(ctx, true)
 
 	addr := sdk.AccAddress([]byte("addr1"))
 	addr2 := sdk.AccAddress([]byte("addr2"))
@@ -134,8 +136,10 @@ func TestKeeper(t *testing.T) {
 func TestSendKeeper(t *testing.T) {
 	input := setupTestInput()
 	ctx := input.ctx
-	bankKeeper := NewBaseKeeper(input.ak)
-	sendKeeper := NewBaseSendKeeper(input.ak)
+	paramSpace := input.pk.Subspace(DefaultParamspace)
+	bankKeeper := NewBaseKeeper(input.ak, paramSpace, DefaultCodespace)
+	sendKeeper := NewBaseSendKeeper(input.ak, paramSpace, DefaultCodespace)
+	bankKeeper.SetSendEnabled(ctx, true)
 
 	addr := sdk.AccAddress([]byte("addr1"))
 	addr2 := sdk.AccAddress([]byte("addr2"))
@@ -181,8 +185,10 @@ func TestSendKeeper(t *testing.T) {
 func TestViewKeeper(t *testing.T) {
 	input := setupTestInput()
 	ctx := input.ctx
-	bankKeeper := NewBaseKeeper(input.ak)
-	viewKeeper := NewBaseViewKeeper(input.ak)
+	paramSpace := input.pk.Subspace(DefaultParamspace)
+	bankKeeper := NewBaseKeeper(input.ak, paramSpace, DefaultCodespace)
+	bankKeeper.SetSendEnabled(ctx, true)
+	viewKeeper := NewBaseViewKeeper(input.ak, DefaultCodespace)
 
 	addr := sdk.AccAddress([]byte("addr1"))
 	acc := input.ak.NewAccountWithAddress(ctx, addr)
@@ -209,7 +215,8 @@ func TestVestingAccountSend(t *testing.T) {
 
 	origCoins := sdk.Coins{sdk.NewInt64Coin("steak", 100)}
 	sendCoins := sdk.Coins{sdk.NewInt64Coin("steak", 50)}
-	bankKeeper := NewBaseKeeper(input.ak)
+	bankKeeper := NewBaseKeeper(input.ak, input.pk.Subspace(DefaultParamspace), DefaultCodespace)
+	bankKeeper.SetSendEnabled(ctx, true)
 
 	addr1 := sdk.AccAddress([]byte("addr1"))
 	addr2 := sdk.AccAddress([]byte("addr2"))
@@ -242,7 +249,8 @@ func TestVestingAccountReceive(t *testing.T) {
 
 	origCoins := sdk.Coins{sdk.NewInt64Coin("steak", 100)}
 	sendCoins := sdk.Coins{sdk.NewInt64Coin("steak", 50)}
-	bankKeeper := NewBaseKeeper(input.ak)
+	bankKeeper := NewBaseKeeper(input.ak, input.pk.Subspace(DefaultParamspace), DefaultCodespace)
+	bankKeeper.SetSendEnabled(ctx, true)
 
 	addr1 := sdk.AccAddress([]byte("addr1"))
 	addr2 := sdk.AccAddress([]byte("addr2"))
@@ -275,7 +283,8 @@ func TestDelegateCoins(t *testing.T) {
 
 	origCoins := sdk.Coins{sdk.NewInt64Coin("steak", 100)}
 	delCoins := sdk.Coins{sdk.NewInt64Coin("steak", 50)}
-	bankKeeper := NewBaseKeeper(input.ak)
+	bankKeeper := NewBaseKeeper(input.ak, input.pk.Subspace(DefaultParamspace), DefaultCodespace)
+	bankKeeper.SetSendEnabled(ctx, true)
 
 	addr1 := sdk.AccAddress([]byte("addr1"))
 	addr2 := sdk.AccAddress([]byte("addr2"))
@@ -311,7 +320,8 @@ func TestUndelegateCoins(t *testing.T) {
 
 	origCoins := sdk.Coins{sdk.NewInt64Coin("steak", 100)}
 	delCoins := sdk.Coins{sdk.NewInt64Coin("steak", 50)}
-	bankKeeper := NewBaseKeeper(input.ak)
+	bankKeeper := NewBaseKeeper(input.ak, input.pk.Subspace(DefaultParamspace), DefaultCodespace)
+	bankKeeper.SetSendEnabled(ctx, true)
 
 	addr1 := sdk.AccAddress([]byte("addr1"))
 	addr2 := sdk.AccAddress([]byte("addr2"))
diff --git a/x/bank/params.go b/x/bank/params.go
new file mode 100644
index 0000000000..9aea6adaeb
--- /dev/null
+++ b/x/bank/params.go
@@ -0,0 +1,22 @@
+package bank
+
+import (
+	"github.com/cosmos/cosmos-sdk/x/params"
+)
+
+const (
+	// default paramspace for params keeper
+	DefaultParamspace = "bank"
+	// default send enabled
+	DefaultSendEnabled = true
+)
+
+// ParamStoreKeySendEnabled is store's key for SendEnabled
+var ParamStoreKeySendEnabled = []byte("sendenabled")
+
+// type declaration for parameters
+func ParamTypeTable() params.TypeTable {
+	return params.NewTypeTable(
+		ParamStoreKeySendEnabled, false,
+	)
+}
diff --git a/x/bank/simulation/msgs.go b/x/bank/simulation/msgs.go
index e7d16496b7..c4d4919eb2 100644
--- a/x/bank/simulation/msgs.go
+++ b/x/bank/simulation/msgs.go
@@ -112,6 +112,9 @@ func sendAndVerifyMsgSend(app *baseapp.BaseApp, mapper auth.AccountKeeper, msg b
 	if handler != nil {
 		res := handler(ctx, msg)
 		if !res.IsOK() {
+			if res.Code == bank.CodeSendDisabled {
+				return nil
+			}
 			// TODO: Do this in a more 'canonical' way
 			return fmt.Errorf("handling msg failed %v", res)
 		}
diff --git a/x/distribution/keeper/test_common.go b/x/distribution/keeper/test_common.go
index 420f40ac49..8e8b157c41 100644
--- a/x/distribution/keeper/test_common.go
+++ b/x/distribution/keeper/test_common.go
@@ -110,7 +110,7 @@ func CreateTestInputAdvanced(t *testing.T, isCheckTx bool, initCoins int64,
 
 	ctx := sdk.NewContext(ms, abci.Header{ChainID: "foochainid"}, isCheckTx, log.NewNopLogger())
 	accountKeeper := auth.NewAccountKeeper(cdc, keyAcc, pk.Subspace(auth.DefaultParamspace), auth.ProtoBaseAccount)
-	ck := bank.NewBaseKeeper(accountKeeper)
+	ck := bank.NewBaseKeeper(accountKeeper, pk.Subspace(bank.DefaultParamspace), bank.DefaultCodespace)
 	sk := staking.NewKeeper(cdc, keyStaking, tkeyStaking, ck, pk.Subspace(staking.DefaultParamspace), staking.DefaultCodespace)
 	sk.SetPool(ctx, staking.InitialPool())
 	sk.SetParams(ctx, staking.DefaultParams())
diff --git a/x/gov/endblocker_test.go b/x/gov/endblocker_test.go
index 1eb60c4f2b..952f87f771 100644
--- a/x/gov/endblocker_test.go
+++ b/x/gov/endblocker_test.go
@@ -16,6 +16,7 @@ func TestTickExpiredDepositPeriod(t *testing.T) {
 	mapp, keeper, _, addrs, _, _ := getMockApp(t, 10, GenesisState{}, nil)
 	mapp.BeginBlock(abci.RequestBeginBlock{})
 	ctx := mapp.BaseApp.NewContext(false, abci.Header{})
+	keeper.ck.SetSendEnabled(ctx, true)
 	govHandler := NewHandler(keeper)
 
 	inactiveQueue := keeper.InactiveProposalQueueIterator(ctx, ctx.BlockHeader().Time)
@@ -58,6 +59,7 @@ func TestTickMultipleExpiredDepositPeriod(t *testing.T) {
 	mapp, keeper, _, addrs, _, _ := getMockApp(t, 10, GenesisState{}, nil)
 	mapp.BeginBlock(abci.RequestBeginBlock{})
 	ctx := mapp.BaseApp.NewContext(false, abci.Header{})
+	keeper.ck.SetSendEnabled(ctx, true)
 	govHandler := NewHandler(keeper)
 
 	inactiveQueue := keeper.InactiveProposalQueueIterator(ctx, ctx.BlockHeader().Time)
@@ -114,6 +116,7 @@ func TestTickPassedDepositPeriod(t *testing.T) {
 	mapp, keeper, _, addrs, _, _ := getMockApp(t, 10, GenesisState{}, nil)
 	mapp.BeginBlock(abci.RequestBeginBlock{})
 	ctx := mapp.BaseApp.NewContext(false, abci.Header{})
+	keeper.ck.SetSendEnabled(ctx, true)
 	govHandler := NewHandler(keeper)
 
 	inactiveQueue := keeper.InactiveProposalQueueIterator(ctx, ctx.BlockHeader().Time)
@@ -156,6 +159,7 @@ func TestTickPassedVotingPeriod(t *testing.T) {
 	SortAddresses(addrs)
 	mapp.BeginBlock(abci.RequestBeginBlock{})
 	ctx := mapp.BaseApp.NewContext(false, abci.Header{})
+	keeper.ck.SetSendEnabled(ctx, true)
 	govHandler := NewHandler(keeper)
 
 	inactiveQueue := keeper.InactiveProposalQueueIterator(ctx, ctx.BlockHeader().Time)
diff --git a/x/gov/test_common.go b/x/gov/test_common.go
index f030d7b84c..34a507c263 100644
--- a/x/gov/test_common.go
+++ b/x/gov/test_common.go
@@ -31,7 +31,7 @@ func getMockApp(t *testing.T, numGenAccs int, genState GenesisState, genAccs []a
 	keyGov := sdk.NewKVStoreKey(StoreKey)
 
 	pk := mapp.ParamsKeeper
-	ck := bank.NewBaseKeeper(mapp.AccountKeeper)
+	ck := bank.NewBaseKeeper(mapp.AccountKeeper, mapp.ParamsKeeper.Subspace(bank.DefaultParamspace), bank.DefaultCodespace)
 	sk = staking.NewKeeper(mapp.Cdc, keyStaking, tkeyStaking, ck, pk.Subspace(staking.DefaultParamspace), staking.DefaultCodespace)
 	keeper = NewKeeper(mapp.Cdc, keyGov, pk, pk.Subspace("testgov"), ck, sk, DefaultCodespace)
 
diff --git a/x/ibc/app_test.go b/x/ibc/app_test.go
index f59b37921b..8129783d44 100644
--- a/x/ibc/app_test.go
+++ b/x/ibc/app_test.go
@@ -21,7 +21,9 @@ func getMockApp(t *testing.T) *mock.App {
 	RegisterCodec(mapp.Cdc)
 	keyIBC := sdk.NewKVStoreKey("ibc")
 	ibcMapper := NewMapper(mapp.Cdc, keyIBC, DefaultCodespace)
-	bankKeeper := bank.NewBaseKeeper(mapp.AccountKeeper)
+	bankKeeper := bank.NewBaseKeeper(mapp.AccountKeeper,
+		mapp.ParamsKeeper.Subspace(bank.DefaultParamspace),
+		bank.DefaultCodespace)
 	mapp.Router().AddRoute("ibc", NewHandler(ibcMapper, bankKeeper))
 
 	require.NoError(t, mapp.CompleteSetup(keyIBC))
diff --git a/x/ibc/ibc_test.go b/x/ibc/ibc_test.go
index 9b9bbf93a4..f2719f7b37 100644
--- a/x/ibc/ibc_test.go
+++ b/x/ibc/ibc_test.go
@@ -50,7 +50,7 @@ func setupTestInput() testInput {
 	ak := auth.NewAccountKeeper(
 		cdc, authCapKey, pk.Subspace(auth.DefaultParamspace), auth.ProtoBaseAccount,
 	)
-	bk := bank.NewBaseKeeper(ak)
+	bk := bank.NewBaseKeeper(ak, pk.Subspace(bank.DefaultParamspace), bank.DefaultCodespace)
 	ctx := sdk.NewContext(ms, abci.Header{ChainID: "test-chain-id"}, false, log.NewNopLogger())
 
 	ak.SetParams(ctx, auth.DefaultParams())
diff --git a/x/slashing/app_test.go b/x/slashing/app_test.go
index 3662d7faaf..e9c17b89a5 100644
--- a/x/slashing/app_test.go
+++ b/x/slashing/app_test.go
@@ -30,7 +30,7 @@ func getMockApp(t *testing.T) (*mock.App, staking.Keeper, Keeper) {
 	tkeyStaking := sdk.NewTransientStoreKey(staking.TStoreKey)
 	keySlashing := sdk.NewKVStoreKey(StoreKey)
 
-	bankKeeper := bank.NewBaseKeeper(mapp.AccountKeeper)
+	bankKeeper := bank.NewBaseKeeper(mapp.AccountKeeper, mapp.ParamsKeeper.Subspace(bank.DefaultParamspace), bank.DefaultCodespace)
 	stakingKeeper := staking.NewKeeper(mapp.Cdc, keyStaking, tkeyStaking, bankKeeper, mapp.ParamsKeeper.Subspace(staking.DefaultParamspace), staking.DefaultCodespace)
 	keeper := NewKeeper(mapp.Cdc, keySlashing, stakingKeeper, mapp.ParamsKeeper.Subspace(DefaultParamspace), DefaultCodespace)
 	mapp.Router().AddRoute(staking.RouterKey, staking.NewHandler(stakingKeeper))
diff --git a/x/slashing/test_common.go b/x/slashing/test_common.go
index c2e7c2e87f..4289618545 100644
--- a/x/slashing/test_common.go
+++ b/x/slashing/test_common.go
@@ -72,7 +72,7 @@ func createTestInput(t *testing.T, defaults Params) (sdk.Context, bank.Keeper, s
 	paramsKeeper := params.NewKeeper(cdc, keyParams, tkeyParams)
 	accountKeeper := auth.NewAccountKeeper(cdc, keyAcc, paramsKeeper.Subspace(auth.DefaultParamspace), auth.ProtoBaseAccount)
 
-	ck := bank.NewBaseKeeper(accountKeeper)
+	ck := bank.NewBaseKeeper(accountKeeper, paramsKeeper.Subspace(bank.DefaultParamspace), bank.DefaultCodespace)
 	sk := staking.NewKeeper(cdc, keyStaking, tkeyStaking, ck, paramsKeeper.Subspace(staking.DefaultParamspace), staking.DefaultCodespace)
 	genesis := staking.DefaultGenesisState()
 
diff --git a/x/staking/app_test.go b/x/staking/app_test.go
index f95bce1326..852a9593ab 100644
--- a/x/staking/app_test.go
+++ b/x/staking/app_test.go
@@ -22,7 +22,7 @@ func getMockApp(t *testing.T) (*mock.App, Keeper) {
 	keyStaking := sdk.NewKVStoreKey(StoreKey)
 	tkeyStaking := sdk.NewTransientStoreKey(TStoreKey)
 
-	bankKeeper := bank.NewBaseKeeper(mApp.AccountKeeper)
+	bankKeeper := bank.NewBaseKeeper(mApp.AccountKeeper, mApp.ParamsKeeper.Subspace(bank.DefaultParamspace), bank.DefaultCodespace)
 	keeper := NewKeeper(mApp.Cdc, keyStaking, tkeyStaking, bankKeeper, mApp.ParamsKeeper.Subspace(DefaultParamspace), DefaultCodespace)
 
 	mApp.Router().AddRoute(RouterKey, NewHandler(keeper))
diff --git a/x/staking/keeper/test_common.go b/x/staking/keeper/test_common.go
index b8c106bf8b..aa95c885ca 100644
--- a/x/staking/keeper/test_common.go
+++ b/x/staking/keeper/test_common.go
@@ -112,7 +112,11 @@ func CreateTestInput(t *testing.T, isCheckTx bool, initCoins int64) (sdk.Context
 		auth.ProtoBaseAccount, // prototype
 	)
 
-	ck := bank.NewBaseKeeper(accountKeeper)
+	ck := bank.NewBaseKeeper(
+		accountKeeper,
+		pk.Subspace(bank.DefaultParamspace),
+		bank.DefaultCodespace,
+	)
 
 	keeper := NewKeeper(cdc, keyStaking, tkeyStaking, ck, pk.Subspace(DefaultParamspace), types.DefaultCodespace)
 	keeper.SetPool(ctx, types.InitialPool())