diff --git a/test/functional/wallet_bumpfee.py b/test/functional/wallet_bumpfee.py
index e3d34ba767..dd3559f20d 100755
--- a/test/functional/wallet_bumpfee.py
+++ b/test/functional/wallet_bumpfee.py
@@ -116,6 +116,7 @@ class BumpFeeTest(BitcoinTestFramework):
 
         # Context independent tests
         test_feerate_checks_replaced_outputs(self, rbf_node, peer_node)
+        test_bumpfee_with_feerate_ignores_walletincrementalrelayfee(self, rbf_node, peer_node)
 
     def test_invalid_parameters(self, rbf_node, peer_node, dest_address):
         self.log.info('Test invalid parameters')
@@ -829,5 +830,27 @@ def test_feerate_checks_replaced_outputs(self, rbf_node, peer_node):
     self.clear_mempool()
 
 
+def test_bumpfee_with_feerate_ignores_walletincrementalrelayfee(self, rbf_node, peer_node):
+    self.log.info('Test that bumpfee with fee_rate ignores walletincrementalrelayfee')
+    # Make sure there is enough balance
+    peer_node.sendtoaddress(rbf_node.getnewaddress(), 2)
+    self.generate(peer_node, 1)
+
+    dest_address = peer_node.getnewaddress(address_type="bech32")
+    tx = rbf_node.send(outputs=[{dest_address: 1}], fee_rate=2)
+
+    # Ensure you can not fee bump with a fee_rate below or equal to the original fee_rate
+    assert_raises_rpc_error(-8, "Insufficient total fee", rbf_node.bumpfee, tx["txid"], {"fee_rate": 1})
+    assert_raises_rpc_error(-8, "Insufficient total fee", rbf_node.bumpfee, tx["txid"], {"fee_rate": 2})
+
+    # Ensure you can not fee bump if the fee_rate is more than original fee_rate but the total fee from new fee_rate is
+    # less than (original fee + incrementalrelayfee)
+    assert_raises_rpc_error(-8, "Insufficient total fee", rbf_node.bumpfee, tx["txid"], {"fee_rate": 2.8})
+
+    # You can fee bump as long as the new fee set from fee_rate is atleast (original fee + incrementalrelayfee)
+    rbf_node.bumpfee(tx["txid"], {"fee_rate": 3})
+    self.clear_mempool()
+
+
 if __name__ == "__main__":
     BumpFeeTest().main()