diff --git a/lib/customer-deposit-wallet/customer-deposit-wallet.cabal b/lib/customer-deposit-wallet/customer-deposit-wallet.cabal
index a49341e2aa2..2da615ba116 100644
--- a/lib/customer-deposit-wallet/customer-deposit-wallet.cabal
+++ b/lib/customer-deposit-wallet/customer-deposit-wallet.cabal
@@ -171,6 +171,7 @@ test-suite unit
   other-modules:
     Cardano.Wallet.Deposit.HTTP.JSON.JSONSpec
     Cardano.Wallet.Deposit.HTTP.OpenAPISpec
+    Cardano.Wallet.Deposit.RESTSpec
     Paths_customer_deposit_wallet
     Spec
 
diff --git a/lib/customer-deposit-wallet/test/unit/Cardano/Wallet/Deposit/RESTSpec.hs b/lib/customer-deposit-wallet/test/unit/Cardano/Wallet/Deposit/RESTSpec.hs
new file mode 100644
index 00000000000..a4bcfcfecf6
--- /dev/null
+++ b/lib/customer-deposit-wallet/test/unit/Cardano/Wallet/Deposit/RESTSpec.hs
@@ -0,0 +1,151 @@
+module Cardano.Wallet.Deposit.RESTSpec
+    ( spec
+    )
+where
+
+import Prelude
+
+import Cardano.Crypto.Wallet
+    ( XPub
+    , generate
+    , toXPub
+    )
+import Cardano.Wallet.Deposit.IO
+    ( WalletBootEnv (WalletBootEnv)
+    )
+import Cardano.Wallet.Deposit.IO.Resource
+    ( ErrResourceMissing (..)
+    , withResource
+    )
+import Cardano.Wallet.Deposit.REST
+    ( ErrCreatingDatabase (..)
+    , ErrDatabase (..)
+    , ErrLoadingDatabase (..)
+    , ErrWalletResource (..)
+    , WalletResourceM
+    , availableBalance
+    , initXPubWallet
+    , loadWallet
+    , runWalletResourceM
+    , walletExists
+    )
+import Control.Concurrent
+    ( threadDelay
+    )
+import Control.Monad.IO.Class
+    ( MonadIO (..)
+    )
+import System.IO.Temp
+    ( withSystemTempDirectory
+    )
+import Test.Hspec
+    ( Spec
+    , describe
+    , it
+    , shouldBe
+    )
+
+import qualified Cardano.Wallet.Deposit.Read as Read
+import qualified Data.ByteString.Char8 as B8
+
+fakeBootEnv :: WalletBootEnv IO
+fakeBootEnv = WalletBootEnv undefined undefined undefined
+
+xpub :: XPub
+xpub =
+    toXPub
+        $ generate (B8.pack "random seed for a testing xpub lala") B8.empty
+
+letItInitialize :: WalletResourceM ()
+letItInitialize = liftIO $ threadDelay 100000
+
+onSuccess :: (Show e, MonadFail m) => Either e a -> (a -> m b) -> m b
+onSuccess (Left e) _ = fail $ show e
+onSuccess (Right a) f = f a
+
+matchEmptyValue :: Show e => Either e Read.Value -> IO ()
+matchEmptyValue x = onSuccess x $ \v -> v `shouldBe` mempty
+
+withWallet :: WalletResourceM a -> IO (Either ErrWalletResource a)
+withWallet f = withResource $ runWalletResourceM f
+
+withInitializedWallet
+    :: FilePath
+    -> WalletResourceM a
+    -> IO (Either ErrWalletResource a)
+withInitializedWallet dir f = withWallet $ do
+    initXPubWallet fakeBootEnv dir xpub 0
+    letItInitialize
+    f
+
+withLoadedWallet
+    :: FilePath
+    -> WalletResourceM a
+    -> IO (Either ErrWalletResource a)
+withLoadedWallet dir f = withWallet $ do
+    loadWallet fakeBootEnv dir
+    letItInitialize
+    f
+
+doNothing :: WalletResourceM ()
+doNothing = pure ()
+
+inADirectory :: (FilePath -> IO a) -> IO a
+inADirectory = withSystemTempDirectory "deposit-rest"
+
+spec :: Spec
+spec = do
+    describe "REST Deposit interface" $ do
+        it "can initialize a wallet"
+            $ inADirectory
+            $ \dir -> do
+                val <- withInitializedWallet dir availableBalance
+                matchEmptyValue val
+        it "can load an existing wallet"
+            $ inADirectory
+            $ \dir -> do
+                val <- withInitializedWallet dir availableBalance
+                onSuccess val $ \_ -> do
+                    val' <- withLoadedWallet dir availableBalance
+                    matchEmptyValue val'
+        it "cannot re-initialize a wallet"
+            $ inADirectory
+            $ \dir -> do
+                val <- withInitializedWallet dir doNothing
+                onSuccess val $ \_ -> do
+                    val' <- withInitializedWallet dir availableBalance
+                    case val' of
+                        Left
+                            ( ErrNoWallet
+                                    ( ErrFailedToInitialize
+                                            ( ErrCreatingDatabase
+                                                    (ErrDatabaseAlreadyExists fp)
+                                                )
+                                        )
+                                )
+                                | dir == fp -> pure ()
+                        Left e -> fail $ show e
+                        Right _ -> fail "Should have failed the query on re-init"
+        it "cannot load a non-existing wallet"
+            $ inADirectory
+            $ \dir -> do
+                val <- withLoadedWallet dir availableBalance
+                case val of
+                    Left
+                        ( ErrNoWallet
+                                ( ErrFailedToInitialize
+                                        ( ErrLoadingDatabase
+                                                (ErrDatabaseNotFound fp)
+                                            )
+                                    )
+                            )
+                            | dir == fp -> pure ()
+                    Left e -> fail $ show e
+                    Right _ -> fail "Should have failed the query on load"
+        it "can check if a wallet is present"
+            $ inADirectory
+            $ \dir -> do
+                r <- withInitializedWallet dir doNothing
+                onSuccess r $ \_ -> do
+                    presence <- withWallet $ walletExists dir
+                    onSuccess presence $ \p -> p `shouldBe` True