diff --git a/packages/web/src/components/payout-wallet-modal/PayoutWalletModal.tsx b/packages/web/src/components/payout-wallet-modal/PayoutWalletModal.tsx
index 0c899adf21a..8cd2c7a9e3f 100644
--- a/packages/web/src/components/payout-wallet-modal/PayoutWalletModal.tsx
+++ b/packages/web/src/components/payout-wallet-modal/PayoutWalletModal.tsx
@@ -19,13 +19,19 @@ import {
 } from '@audius/harmony'
 import { Formik, useField } from 'formik'
 import { useDispatch, useSelector } from 'react-redux'
+import { useAsync } from 'react-use'
 import { z } from 'zod'
 import { toFormikValidationSchema } from 'zod-formik-adapter'
 
 import { useModalState } from 'common/hooks/useModalState'
 import { TextField } from 'components/form-fields'
 import { ModalForm } from 'components/modal-form/ModalForm'
-import { isValidSolAddress } from 'services/solana/solana'
+import {
+  getAssociatedTokenAccountOwner,
+  isTokenAccount,
+  isValidSolAddress
+} from 'services/solana/solana'
+import { reportToSentry } from 'store/errors/reportToSentry'
 
 const { getAccountUser } = accountSelectors
 
@@ -148,9 +154,24 @@ export const PayoutWalletModal = () => {
   }, [setIsOpen])
 
   const handleSubmit = useCallback(
-    ({ option, address }: PayoutWalletValues) => {
-      // TODO: Token account validation
-      if (user) {
+    async (
+      { option, address }: PayoutWalletValues,
+      { setErrors }: { setErrors: any }
+    ) => {
+      try {
+        if (!address || !user) {
+          throw new Error('No user or address')
+        }
+
+        const isUsdcAta = await isTokenAccount({
+          accountAddress: address as SolanaWalletAddress,
+          mint: 'usdc'
+        })
+        if (!isUsdcAta) {
+          // Create ATA via relay
+          throw new Error('Create ATA not implemented')
+        }
+
         const updatedUser = { ...user }
         if (option === 'default') {
           updatedUser.spl_usdc_payout_wallet = null
@@ -158,16 +179,32 @@ export const PayoutWalletModal = () => {
           updatedUser.spl_usdc_payout_wallet = address as SolanaWalletAddress
         }
         dispatch(profilePageActions.updateProfile(updatedUser))
+        setIsOpen(false)
+      } catch (e) {
+        setErrors({ address: 'Please try again later' })
+        await reportToSentry({
+          error: e as Error,
+          name: 'Payout Wallet: Error setting wallet'
+        })
       }
-      setIsOpen(false)
     },
     [dispatch, user, setIsOpen]
   )
 
+  const { value: payoutWallet } = useAsync(async () => {
+    if (user?.spl_usdc_payout_wallet) {
+      const owner = await getAssociatedTokenAccountOwner(
+        user.spl_usdc_payout_wallet
+      )
+      return owner.toString()
+    }
+    return null
+  }, [user])
+
   const initialValues: PayoutWalletValues = user?.spl_usdc_payout_wallet
     ? {
         option: 'custom',
-        address: user.spl_usdc_payout_wallet as string
+        address: payoutWallet ?? ''
       }
     : { option: 'default' }
 
@@ -177,6 +214,7 @@ export const PayoutWalletModal = () => {
         <ModalTitle title={messages.title} icon={<IconMoneyBracket />} />
       </ModalHeader>
       <Formik
+        enableReinitialize
         initialValues={initialValues}
         validationSchema={PayoutWalletSchema}
         onSubmit={handleSubmit}
diff --git a/packages/web/src/pages/pay-and-earn-page/components/PayoutWalletCard.tsx b/packages/web/src/pages/pay-and-earn-page/components/PayoutWalletCard.tsx
index 9ef162ae500..d64d27eb1d2 100644
--- a/packages/web/src/pages/pay-and-earn-page/components/PayoutWalletCard.tsx
+++ b/packages/web/src/pages/pay-and-earn-page/components/PayoutWalletCard.tsx
@@ -11,8 +11,11 @@ import {
   TextLink
 } from '@audius/harmony'
 import { useSelector } from 'react-redux'
+import { useAsync } from 'react-use'
 
 import { useModalState } from 'common/hooks/useModalState'
+import { getAssociatedTokenAccountOwner } from 'services/solana/solana'
+
 const { getAccountUser } = accountSelectors
 
 const messages = {
@@ -30,6 +33,16 @@ export const PayoutWalletCard = () => {
     setIsOpen(true)
   }, [setIsOpen])
 
+  const { value: payoutWallet } = useAsync(async () => {
+    if (user?.spl_usdc_payout_wallet) {
+      const owner = await getAssociatedTokenAccountOwner(
+        user.spl_usdc_payout_wallet
+      )
+      return owner.toBase58()
+    }
+    return null
+  }, [user])
+
   return (
     <Paper direction='column' shadow='far' borderRadius='l' pv='l' ph='xl'>
       <Flex justifyContent='space-between' wrap='wrap' gap='l'>
@@ -58,8 +71,8 @@ export const PayoutWalletCard = () => {
               <IconLogoCircle size='m' />
             )}
             <Text variant='body' size='m' strength='strong'>
-              {user?.spl_usdc_payout_wallet
-                ? shortenSPLAddress(user?.spl_usdc_payout_wallet)
+              {payoutWallet
+                ? shortenSPLAddress(payoutWallet)
                 : messages.audiusWallet}
             </Text>
           </Flex>
diff --git a/packages/web/src/services/solana/solana.ts b/packages/web/src/services/solana/solana.ts
index 6e9daf8aa24..d74f65817bf 100644
--- a/packages/web/src/services/solana/solana.ts
+++ b/packages/web/src/services/solana/solana.ts
@@ -3,7 +3,8 @@ import { DEFAULT_MINT, MintName } from '@audius/common/services'
 import {
   Account,
   getMinimumBalanceForRentExemptAccount,
-  getAssociatedTokenAddressSync
+  getAssociatedTokenAddressSync,
+  getAccount
 } from '@solana/spl-token'
 import { PublicKey, Transaction, Keypair } from '@solana/web3.js'
 
@@ -143,6 +144,27 @@ export const getUSDCAssociatedTokenAccount = async (
   )
 }
 
+/**
+ * Returns the owner of the token acccount, if the provided account
+ * is a token account. Otherwise, just returns the account
+ */
+export const getAssociatedTokenAccountOwner = async (
+  accountAddress: SolanaWalletAddress
+) => {
+  const connection = await getSolanaConnection()
+  try {
+    const { owner } = await getAccount(
+      connection,
+      new PublicKey(accountAddress)
+    )
+    return owner
+  } catch (e) {
+    // Not a token account, so return the provided address
+    console.error(e)
+    return new PublicKey(accountAddress)
+  }
+}
+
 /**
  * Returns the current user's USDC user bank.
  */