diff --git a/frontend/src/components/AccountsOverview.tsx b/frontend/src/components/AccountsOverview.tsx
index e3ddb74..18e8aa0 100644
--- a/frontend/src/components/AccountsOverview.tsx
+++ b/frontend/src/components/AccountsOverview.tsx
@@ -81,8 +81,8 @@ export default function AccountsOverview() {
   const queryClient = useQueryClient();
 
   const updateAccountMutation = useMutation({
-    mutationFn: ({ id, name }: { id: string; name: string }) =>
-      apiClient.updateAccount(id, { name }),
+    mutationFn: ({ id, display_name }: { id: string; display_name: string }) =>
+      apiClient.updateAccount(id, { display_name }),
     onSuccess: () => {
       queryClient.invalidateQueries({ queryKey: ["accounts"] });
       setEditingAccountId(null);
@@ -95,14 +95,15 @@ export default function AccountsOverview() {
 
   const handleEditStart = (account: Account) => {
     setEditingAccountId(account.id);
-    setEditingName(account.name || "");
+    // Use display_name if available, otherwise fall back to name
+    setEditingName(account.display_name || account.name || "");
   };
 
   const handleEditSave = () => {
     if (editingAccountId && editingName.trim()) {
       updateAccountMutation.mutate({
         id: editingAccountId,
-        name: editingName.trim(),
+        display_name: editingName.trim(),
       });
     }
   };
@@ -267,7 +268,7 @@ export default function AccountsOverview() {
                                     setEditingName(e.target.value)
                                   }
                                   className="flex-1 px-3 py-1 text-base sm:text-lg font-medium border border-input rounded-md bg-background focus:outline-none focus:ring-2 focus:ring-ring focus:border-ring"
-                                  placeholder="Account name"
+                                  placeholder="Custom account name"
                                   name="search"
                                   autoComplete="off"
                                   onKeyDown={(e) => {
@@ -303,7 +304,7 @@ export default function AccountsOverview() {
                             <div>
                               <div className="flex items-center space-x-2 min-w-0">
                                 <h4 className="text-base sm:text-lg font-medium text-foreground truncate">
-                                  {account.name || "Unnamed Account"}
+                                  {account.display_name || account.name || "Unnamed Account"}
                                 </h4>
                                 <button
                                   onClick={() => handleEditStart(account)}
diff --git a/frontend/src/components/filters/AccountCombobox.tsx b/frontend/src/components/filters/AccountCombobox.tsx
index c3b7c1e..b8f0928 100644
--- a/frontend/src/components/filters/AccountCombobox.tsx
+++ b/frontend/src/components/filters/AccountCombobox.tsx
@@ -38,7 +38,7 @@ export function AccountCombobox({
   );
 
   const formatAccountName = (account: Account) => {
-    const displayName = account.name || "Unnamed Account";
+    const displayName = account.display_name || account.name || "Unnamed Account";
     return `${displayName} (${account.institution_id})`;
   };
 
@@ -89,7 +89,7 @@ export function AccountCombobox({
                 {accounts.map((account) => (
                   <CommandItem
                     key={account.id}
-                    value={`${account.name} ${account.institution_id}`}
+                    value={`${account.display_name || account.name} ${account.institution_id}`}
                     onSelect={() => {
                       onAccountChange(account.id);
                       setOpen(false);
@@ -105,7 +105,7 @@ export function AccountCombobox({
                     />
                     <div className="flex flex-col">
                       <span className="font-medium">
-                        {account.name || "Unnamed Account"}
+                        {account.display_name || account.name || "Unnamed Account"}
                       </span>
                       <span className="text-xs text-gray-500">
                         {account.institution_id}
diff --git a/frontend/src/lib/api.ts b/frontend/src/lib/api.ts
index 7b44510..c26f817 100644
--- a/frontend/src/lib/api.ts
+++ b/frontend/src/lib/api.ts
@@ -41,8 +41,8 @@ export const apiClient = {
   updateAccount: async (
     id: string,
     updates: AccountUpdate,
-  ): Promise<{ id: string; name?: string }> => {
-    const response = await api.put<ApiResponse<{ id: string; name?: string }>>(
+  ): Promise<{ id: string; display_name?: string }> => {
+    const response = await api.put<ApiResponse<{ id: string; display_name?: string }>>(
       `/accounts/${id}`,
       updates,
     );
diff --git a/frontend/src/types/api.ts b/frontend/src/types/api.ts
index 908cd24..5a09e3b 100644
--- a/frontend/src/types/api.ts
+++ b/frontend/src/types/api.ts
@@ -11,6 +11,7 @@ export interface Account {
   status: string;
   iban?: string;
   name?: string;
+  display_name?: string;
   currency?: string;
   created: string;
   last_accessed?: string;
@@ -18,7 +19,7 @@ export interface Account {
 }
 
 export interface AccountUpdate {
-  name?: string;
+  display_name?: string;
 }
 
 export interface RawTransactionData {
diff --git a/leggen/api/models/accounts.py b/leggen/api/models/accounts.py
index 2fb4848..52c35e6 100644
--- a/leggen/api/models/accounts.py
+++ b/leggen/api/models/accounts.py
@@ -24,6 +24,7 @@ class AccountDetails(BaseModel):
     status: str
     iban: Optional[str] = None
     name: Optional[str] = None
+    display_name: Optional[str] = None
     currency: Optional[str] = None
     created: datetime
     last_accessed: Optional[datetime] = None
@@ -36,7 +37,7 @@ class AccountDetails(BaseModel):
 class AccountUpdate(BaseModel):
     """Account update model"""
 
-    name: Optional[str] = None
+    display_name: Optional[str] = None
 
     class Config:
         json_encoders = {datetime: lambda v: v.isoformat() if v else None}
diff --git a/leggen/api/routes/accounts.py b/leggen/api/routes/accounts.py
index 32b1a11..6db2c5b 100644
--- a/leggen/api/routes/accounts.py
+++ b/leggen/api/routes/accounts.py
@@ -53,6 +53,7 @@ async def get_all_accounts() -> APIResponse:
                         status=db_account["status"],
                         iban=db_account.get("iban"),
                         name=db_account.get("name"),
+                        display_name=db_account.get("display_name"),
                         currency=db_account.get("currency"),
                         created=db_account["created"],
                         last_accessed=db_account.get("last_accessed"),
@@ -112,6 +113,7 @@ async def get_account_details(account_id: str) -> APIResponse:
             status=db_account["status"],
             iban=db_account.get("iban"),
             name=db_account.get("name"),
+            display_name=db_account.get("display_name"),
             currency=db_account.get("currency"),
             created=db_account["created"],
             last_accessed=db_account.get("last_accessed"),
@@ -324,7 +326,7 @@ async def get_account_transactions(
 async def update_account_details(
     account_id: str, update_data: AccountUpdate
 ) -> APIResponse:
-    """Update account details (currently only name)"""
+    """Update account details (currently only display_name)"""
     try:
         # Get current account details
         current_account = await database_service.get_account_details_from_db(account_id)
@@ -336,16 +338,16 @@ async def update_account_details(
 
         # Prepare updated account data
         updated_account_data = current_account.copy()
-        if update_data.name is not None:
-            updated_account_data["name"] = update_data.name
+        if update_data.display_name is not None:
+            updated_account_data["display_name"] = update_data.display_name
 
         # Persist updated account details
         await database_service.persist_account_details(updated_account_data)
 
         return APIResponse(
             success=True,
-            data={"id": account_id, "name": update_data.name},
-            message=f"Account {account_id} name updated successfully",
+            data={"id": account_id, "display_name": update_data.display_name},
+            message=f"Account {account_id} display name updated successfully",
         )
 
     except HTTPException:
diff --git a/leggen/services/database_service.py b/leggen/services/database_service.py
index 8e62e79..5619930 100644
--- a/leggen/services/database_service.py
+++ b/leggen/services/database_service.py
@@ -215,6 +215,7 @@ class DatabaseService:
         await self._migrate_balance_timestamps_if_needed()
         await self._migrate_null_transaction_ids_if_needed()
         await self._migrate_to_composite_key_if_needed()
+        await self._migrate_add_display_name_if_needed()
 
     async def _migrate_balance_timestamps_if_needed(self):
         """Check and migrate balance timestamps if needed"""
@@ -632,6 +633,79 @@ class DatabaseService:
             logger.error(f"Composite key migration failed: {e}")
             raise
 
+    async def _migrate_add_display_name_if_needed(self):
+        """Check and add display_name column to accounts table if needed"""
+        try:
+            if await self._check_display_name_migration_needed():
+                logger.info("Display name column migration needed, starting...")
+                await self._migrate_add_display_name()
+                logger.info("Display name column migration completed")
+            else:
+                logger.info("Display name column already exists")
+        except Exception as e:
+            logger.error(f"Display name column migration failed: {e}")
+            raise
+
+    async def _check_display_name_migration_needed(self) -> bool:
+        """Check if display_name column needs to be added to accounts table"""
+        db_path = path_manager.get_database_path()
+        if not db_path.exists():
+            return False
+
+        try:
+            conn = sqlite3.connect(str(db_path))
+            cursor = conn.cursor()
+
+            # Check if accounts table exists
+            cursor.execute(
+                "SELECT name FROM sqlite_master WHERE type='table' AND name='accounts'"
+            )
+            if not cursor.fetchone():
+                conn.close()
+                return False
+
+            # Check if display_name column exists
+            cursor.execute("PRAGMA table_info(accounts)")
+            columns = cursor.fetchall()
+
+            # Check if display_name column exists
+            has_display_name = any(col[1] == "display_name" for col in columns)
+
+            conn.close()
+            return not has_display_name
+
+        except Exception as e:
+            logger.error(f"Failed to check display_name migration status: {e}")
+            return False
+
+    async def _migrate_add_display_name(self):
+        """Add display_name column to accounts table"""
+        db_path = path_manager.get_database_path()
+        if not db_path.exists():
+            logger.warning("Database file not found, skipping migration")
+            return
+
+        try:
+            conn = sqlite3.connect(str(db_path))
+            cursor = conn.cursor()
+
+            logger.info("Adding display_name column to accounts table...")
+
+            # Add the display_name column
+            cursor.execute("""
+                ALTER TABLE accounts 
+                ADD COLUMN display_name TEXT
+            """)
+
+            conn.commit()
+            conn.close()
+
+            logger.info("Display name column migration completed successfully")
+
+        except Exception as e:
+            logger.error(f"Display name column migration failed: {e}")
+            raise
+
     def _unix_to_datetime_string(self, unix_timestamp: float) -> str:
         """Convert Unix timestamp to datetime string"""
         dt = datetime.fromtimestamp(unix_timestamp)
@@ -1045,7 +1119,8 @@ class DatabaseService:
             currency TEXT,
             created DATETIME,
             last_accessed DATETIME,
-            last_updated DATETIME
+            last_updated DATETIME,
+            display_name TEXT
         )"""
         )
 
@@ -1060,6 +1135,16 @@ class DatabaseService:
         )
 
         try:
+            # First, check if account exists and preserve display_name
+            cursor.execute(
+                "SELECT display_name FROM accounts WHERE id = ?", (account_data["id"],)
+            )
+            existing_row = cursor.fetchone()
+            existing_display_name = existing_row[0] if existing_row else None
+
+            # Use existing display_name if not provided in account_data
+            display_name = account_data.get("display_name", existing_display_name)
+
             # Insert or replace account data
             cursor.execute(
                 """INSERT OR REPLACE INTO accounts (
@@ -1071,8 +1156,9 @@ class DatabaseService:
                 currency,
                 created,
                 last_accessed,
-                last_updated
-            ) VALUES (?, ?, ?, ?, ?, ?, ?, ?, ?)""",
+                last_updated,
+                display_name
+            ) VALUES (?, ?, ?, ?, ?, ?, ?, ?, ?, ?)""",
                 (
                     account_data["id"],
                     account_data["institution_id"],
@@ -1083,6 +1169,7 @@ class DatabaseService:
                     account_data["created"],
                     account_data.get("last_accessed"),
                     account_data.get("last_updated", account_data["created"]),
+                    display_name,
                 ),
             )
             conn.commit()
diff --git a/scripts/generate_sample_db.py b/scripts/generate_sample_db.py
index 74edbdb..6d22467 100755
--- a/scripts/generate_sample_db.py
+++ b/scripts/generate_sample_db.py
@@ -106,7 +106,8 @@ class SampleDataGenerator:
                 currency TEXT,
                 created DATETIME,
                 last_accessed DATETIME,
-                last_updated DATETIME
+                last_updated DATETIME,
+                display_name TEXT
             )
         """)
 
@@ -373,8 +374,8 @@ class SampleDataGenerator:
             cursor.execute(
                 """
                 INSERT OR REPLACE INTO accounts
-                (id, institution_id, status, iban, name, currency, created, last_accessed, last_updated)
-                VALUES (?, ?, ?, ?, ?, ?, ?, ?, ?)
+                (id, institution_id, status, iban, name, currency, created, last_accessed, last_updated, display_name)
+                VALUES (?, ?, ?, ?, ?, ?, ?, ?, ?, ?)
             """,
                 (
                     account["id"],
@@ -386,6 +387,7 @@ class SampleDataGenerator:
                     account["created"],
                     account["last_accessed"],
                     account["last_updated"],
+                    None,  # display_name is initially None for sample data
                 ),
             )
 
diff --git a/tests/unit/test_api_accounts.py b/tests/unit/test_api_accounts.py
index b5327e1..977cc49 100644
--- a/tests/unit/test_api_accounts.py
+++ b/tests/unit/test_api_accounts.py
@@ -24,6 +24,8 @@ class TestAccountsAPI:
                 "institution_id": "REVOLUT_REVOLT21",
                 "status": "READY",
                 "iban": "LT313250081177977789",
+                "name": "Personal Account",
+                "display_name": None,
                 "created": "2024-02-13T23:56:00Z",
                 "last_accessed": "2025-09-01T09:30:00Z",
             }
@@ -80,6 +82,8 @@ class TestAccountsAPI:
             "institution_id": "REVOLUT_REVOLT21",
             "status": "READY",
             "iban": "LT313250081177977789",
+            "name": "Personal Account",
+            "display_name": None,
             "created": "2024-02-13T23:56:00Z",
             "last_accessed": "2025-09-01T09:30:00Z",
         }
@@ -283,3 +287,58 @@ class TestAccountsAPI:
             response = api_client.get("/api/v1/accounts/nonexistent")
 
         assert response.status_code == 404
+
+    def test_update_account_display_name_success(
+        self, api_client, mock_config, mock_auth_token, mock_db_path
+    ):
+        """Test successful update of account display name."""
+        mock_account = {
+            "id": "test-account-123",
+            "institution_id": "REVOLUT_REVOLT21",
+            "status": "READY",
+            "iban": "LT313250081177977789",
+            "name": "Personal Account",
+            "display_name": None,
+            "created": "2024-02-13T23:56:00Z",
+            "last_accessed": "2025-09-01T09:30:00Z",
+        }
+
+        with (
+            patch("leggen.utils.config.config", mock_config),
+            patch(
+                "leggen.api.routes.accounts.database_service.get_account_details_from_db",
+                return_value=mock_account,
+            ),
+            patch(
+                "leggen.api.routes.accounts.database_service.persist_account_details",
+                return_value=None,
+            ),
+        ):
+            response = api_client.put(
+                "/api/v1/accounts/test-account-123",
+                json={"display_name": "My Custom Account Name"},
+            )
+
+        assert response.status_code == 200
+        data = response.json()
+        assert data["success"] is True
+        assert data["data"]["id"] == "test-account-123"
+        assert data["data"]["display_name"] == "My Custom Account Name"
+
+    def test_update_account_not_found(
+        self, api_client, mock_config, mock_auth_token, mock_db_path
+    ):
+        """Test updating non-existent account."""
+        with (
+            patch("leggen.utils.config.config", mock_config),
+            patch(
+                "leggen.api.routes.accounts.database_service.get_account_details_from_db",
+                return_value=None,
+            ),
+        ):
+            response = api_client.put(
+                "/api/v1/accounts/nonexistent",
+                json={"display_name": "New Name"},
+            )
+
+        assert response.status_code == 404