diff --git a/substrate/frame/balances/src/lib.rs b/substrate/frame/balances/src/lib.rs
index c6a2252df610..32f98e775fc9 100644
--- a/substrate/frame/balances/src/lib.rs
+++ b/substrate/frame/balances/src/lib.rs
@@ -908,6 +908,16 @@ pub mod pallet {
 		pub(crate) fn try_mutate_account<R, E: From<DispatchError>>(
 			who: &T::AccountId,
 			f: impl FnOnce(&mut AccountData<T::Balance>, bool) -> Result<R, E>,
+		) -> Result<(R, Option<T::Balance>), E> {
+			frame_support::storage::transactional::with_storage_layer(|| {
+				Self::try_mutate_account_inner(who, f)
+			})
+		}
+
+		/// Implementation of [`Self::try_mutate_account`].
+		fn try_mutate_account_inner<R, E: From<DispatchError>>(
+			who: &T::AccountId,
+			f: impl FnOnce(&mut AccountData<T::Balance>, bool) -> Result<R, E>,
 		) -> Result<(R, Option<T::Balance>), E> {
 			Self::ensure_upgraded(who);
 			let result = T::AccountStore::try_mutate_exists(who, |maybe_account| {
diff --git a/substrate/frame/balances/src/tests/dispatchable_tests.rs b/substrate/frame/balances/src/tests/dispatchable_tests.rs
index 8f625a189446..703ec250f423 100644
--- a/substrate/frame/balances/src/tests/dispatchable_tests.rs
+++ b/substrate/frame/balances/src/tests/dispatchable_tests.rs
@@ -222,3 +222,23 @@ fn upgrade_accounts_should_work() {
 			assert_eq!(System::consumers(&7), 0);
 		});
 }
+
+#[test]
+fn withdraw_error_does_not_modify_issuance() {
+	use frame_support::traits::{Currency, ExistenceRequirement::AllowDeath, WithdrawReasons};
+
+	ExtBuilder::default().existential_deposit(10).build_and_execute_with(|| {
+		let _ = Balances::deposit_creating(&1, 100);
+		System::inc_consumers(&1).unwrap();
+
+		assert_noop!(
+			<Balances as frame_support::traits::Currency<u64>>::withdraw(
+				&1,
+				95,
+				WithdrawReasons::TRANSFER,
+				AllowDeath
+			),
+			DispatchError::ConsumerRemaining,
+		);
+	});
+}