diff --git a/packages/desktop-client/src/components/modals/ImportTransactionsModal.jsx b/packages/desktop-client/src/components/modals/ImportTransactionsModal.jsx
index 3d0d5dca5ed..4a74a10b70f 100644
--- a/packages/desktop-client/src/components/modals/ImportTransactionsModal.jsx
+++ b/packages/desktop-client/src/components/modals/ImportTransactionsModal.jsx
@@ -1021,7 +1021,7 @@ export function ImportTransactionsModal({ options }) {
       setFilename(filename);
       setFileType(filetype);
 
-      const { errors, transactions: parsedTransactions } =
+      const { errors, transactions: parsedTransactions = [] } =
         await parseTransactions(filename, options);
 
       let index = 0;
diff --git a/upcoming-release-notes/3541.md b/upcoming-release-notes/3541.md
new file mode 100644
index 00000000000..bd1a1ea86ef
--- /dev/null
+++ b/upcoming-release-notes/3541.md
@@ -0,0 +1,6 @@
+---
+category: Bugfix
+authors: [MatissJanis]
+---
+
+Fix import crashing if the QFX file is malformed.