diff --git a/key-wallet/src/account/account_type.rs b/key-wallet/src/account/account_type.rs
index d027317bf..0962a6bc0 100644
--- a/key-wallet/src/account/account_type.rs
+++ b/key-wallet/src/account/account_type.rs
@@ -254,6 +254,67 @@ impl AccountType {
         }
     }
 
+    /// Is this account a chain owned by a DashPay contact rather than by
+    /// this wallet?
+    ///
+    /// A [`DashpayExternalAccount`](Self::DashpayExternalAccount) derives
+    /// its addresses from the **contact's** xpub (the mirrored DIP-15 path,
+    /// `friend_id/user_id`), so this wallet can observe those outputs but
+    /// can never sign for them. They are the contact's coins; this wallet
+    /// only ever pays into them.
+    ///
+    /// This is the canonical form of the policy that keeps a contact's
+    /// coins out of every "the wallet's funds" aggregate. Balance and
+    /// spendable-UTXO aggregation already follow it
+    /// ([`ManagedAccountCollection::all_funding_accounts`]), and persisters
+    /// projecting per-account [`TransactionRecord`]s into a wallet-level
+    /// store must follow it too, or a payment *to* a contact gets recorded
+    /// as money arriving. Detection is deliberately unaffected:
+    /// contact-owned accounts stay monitored so contact address rotation
+    /// and gap-limit maintenance keep working.
+    ///
+    /// [`DashpayReceivingFunds`](Self::DashpayReceivingFunds) is **not**
+    /// contact-owned: its addresses derive from *our* xpub and a contact
+    /// pays into them, so those funds are genuinely this wallet's.
+    ///
+    /// [`ManagedAccountCollection::all_funding_accounts`]:
+    ///     crate::managed_account::managed_account_collection::ManagedAccountCollection::all_funding_accounts
+    /// [`TransactionRecord`]:
+    ///     crate::managed_account::transaction_record::TransactionRecord
+    pub fn is_contact_owned(&self) -> bool {
+        // Exhaustive on purpose: a new account type must decide here
+        // whether its coins are the wallet's or a contact's.
+        match self {
+            Self::DashpayExternalAccount {
+                ..
+            } => true,
+            Self::Standard {
+                ..
+            }
+            | Self::CoinJoin {
+                ..
+            }
+            | Self::IdentityRegistration
+            | Self::IdentityTopUp {
+                ..
+            }
+            | Self::IdentityTopUpNotBoundToIdentity
+            | Self::IdentityInvitation
+            | Self::AssetLockAddressTopUp
+            | Self::AssetLockShieldedAddressTopUp
+            | Self::ProviderVotingKeys
+            | Self::ProviderOwnerKeys
+            | Self::ProviderOperatorKeys
+            | Self::ProviderPlatformKeys
+            | Self::DashpayReceivingFunds {
+                ..
+            }
+            | Self::PlatformPayment {
+                ..
+            } => false,
+        }
+    }
+
     /// Get the derivation path reference for this account type
     pub fn derivation_path_reference(&self) -> DerivationPathReference {
         match self {
@@ -551,3 +612,60 @@ impl AccountType {
         }
     }
 }
+
+#[cfg(test)]
+mod contact_owned_tests {
+    use super::*;
+
+    /// Only the DashPay external account — addresses derived from the
+    /// *contact's* xpub — is contact-owned. Every other account type,
+    /// including its receival twin (derived from *our* xpub), holds this
+    /// wallet's own funds or keys.
+    #[test]
+    fn only_the_dashpay_external_account_is_contact_owned() {
+        let external = AccountType::DashpayExternalAccount {
+            index: 0,
+            user_identity_id: [0xAA; 32],
+            friend_identity_id: [0xBB; 32],
+        };
+        assert!(external.is_contact_owned());
+
+        let ours = [
+            AccountType::Standard {
+                index: 0,
+                standard_account_type: StandardAccountType::BIP44Account,
+            },
+            AccountType::Standard {
+                index: 0,
+                standard_account_type: StandardAccountType::BIP32Account,
+            },
+            AccountType::CoinJoin {
+                index: 0,
+            },
+            AccountType::IdentityRegistration,
+            AccountType::IdentityTopUp {
+                registration_index: 0,
+            },
+            AccountType::IdentityTopUpNotBoundToIdentity,
+            AccountType::IdentityInvitation,
+            AccountType::AssetLockAddressTopUp,
+            AccountType::AssetLockShieldedAddressTopUp,
+            AccountType::ProviderVotingKeys,
+            AccountType::ProviderOwnerKeys,
+            AccountType::ProviderOperatorKeys,
+            AccountType::ProviderPlatformKeys,
+            AccountType::DashpayReceivingFunds {
+                index: 0,
+                user_identity_id: [0xAA; 32],
+                friend_identity_id: [0xBB; 32],
+            },
+            AccountType::PlatformPayment {
+                account: 0,
+                key_class: 0,
+            },
+        ];
+        for account_type in ours {
+            assert!(!account_type.is_contact_owned(), "{account_type} must not be contact-owned");
+        }
+    }
+}
diff --git a/key-wallet/src/managed_account/managed_account_collection.rs b/key-wallet/src/managed_account/managed_account_collection.rs
index 5df90c72c..cf60f086b 100644
--- a/key-wallet/src/managed_account/managed_account_collection.rs
+++ b/key-wallet/src/managed_account/managed_account_collection.rs
@@ -988,7 +988,11 @@ impl ManagedAccountCollection {
     /// [`Self::all_accounts`] and filtering via [`ManagedAccountRef::as_funds`]
     /// in those callsites is just noise.
     ///
-    /// **`dashpay_external_accounts` are deliberately excluded.** A DashPay
+    /// **`dashpay_external_accounts` are deliberately excluded** — they are
+    /// the only funds-bearing accounts that are
+    /// [contact-owned](crate::account::AccountType::is_contact_owned), and
+    /// that predicate is the canonical statement of the policy applied here.
+    /// A DashPay
     /// external account is watch-only by construction: its addresses are derived
     /// from a *contact's* xpub, so this wallet can observe those outputs but can
     /// never sign for them. They are the contact's coins. Counting them here
@@ -1191,6 +1195,17 @@ mod dashpay_funding_scope_tests {
             !funding.iter().any(|t| matches!(t, AccountType::DashpayExternalAccount { .. })),
             "the contact's watch-only account must not count as this wallet's funds"
         );
+        assert!(
+            funding.iter().all(|t| !t.is_contact_owned()),
+            "all_funding_accounts must exclude exactly what AccountType::is_contact_owned flags"
+        );
+        assert!(
+            collection
+                .dashpay_external_accounts
+                .values()
+                .all(|a| a.managed_account_type().is_contact_owned()),
+            "the managed-side predicate must agree"
+        );
         assert_eq!(
             funding.len(),
             collection.all_funding_accounts_mut().len(),
diff --git a/key-wallet/src/managed_account/managed_account_type.rs b/key-wallet/src/managed_account/managed_account_type.rs
index cb91b9655..0732bd471 100644
--- a/key-wallet/src/managed_account/managed_account_type.rs
+++ b/key-wallet/src/managed_account/managed_account_type.rs
@@ -408,6 +408,13 @@ impl ManagedAccountType {
         self.address_pools().iter().flat_map(|pool| pool.all_script_pubkeys()).collect()
     }
 
+    /// Is this account a chain owned by a DashPay contact rather than by
+    /// this wallet? See [`AccountType::is_contact_owned`] — this is the
+    /// same predicate viewed from the managed side.
+    pub fn is_contact_owned(&self) -> bool {
+        self.to_account_type().is_contact_owned()
+    }
+
     /// Get the account type as the original enum
     pub fn to_account_type(&self) -> AccountType {
         match self {