diff --git a/system-tests/test/deposit-redemption.test.ts b/system-tests/test/deposit-redemption.test.ts
index 5d25820d5..024f162e3 100644
--- a/system-tests/test/deposit-redemption.test.ts
+++ b/system-tests/test/deposit-redemption.test.ts
@@ -55,6 +55,7 @@ describe("System Test - Deposit and redemption", () => {
   let depositorBridgeHandle: EthereumBridge
   let bank: Contract
   let relay: Contract
+  let tbtc: Contract
 
   const depositAmount = BigNumber.from(2000000)
   const depositSweepTxFee = BigNumber.from(10000)
@@ -63,6 +64,8 @@ describe("System Test - Deposit and redemption", () => {
   // Initial backoff step in milliseconds that will be increased exponentially for
   // subsequent Electrum retry attempts.
   const ELECTRUM_RETRY_BACKOFF_STEP_MS = 10000 // 10sec
+  // Multiplier to convert satoshi to TBTC token units.
+  const SATOSHI_MULTIPLIER: BigNumber = BigNumber.from("10000000000")
 
   let deposit: Deposit
   let depositUtxo: UnspentTransactionOutput
@@ -112,6 +115,12 @@ describe("System Test - Deposit and redemption", () => {
       relayDeploymentInfo.abi,
       maintainer
     )
+
+    const tbtcDeploymentInfo = deployedContracts.TBTC
+    tbtc = new Contract(
+      tbtcDeploymentInfo.address,
+      tbtcDeploymentInfo.abi,
+    )
   })
 
   context("when deposit is made and revealed without a vault", () => {
@@ -484,7 +493,8 @@ describe("System Test - Deposit and redemption", () => {
             value: BigNumber.from(0),
           },
           maintainerBridgeHandle,
-          electrumClient
+          electrumClient,
+          deposit.vault,
         )
 
         console.log(`
@@ -507,7 +517,7 @@ describe("System Test - Deposit and redemption", () => {
         expect(sweptAt).to.be.greaterThan(0)
       })
 
-      it("should increase depositor's balance in the bank", async () => {
+      it("should increase vault's balance in the bank", async () => {
         const { treasuryFee } = await TBTC.getRevealedDeposit(
           depositUtxo,
           maintainerBridgeHandle
@@ -518,6 +528,25 @@ describe("System Test - Deposit and redemption", () => {
           .sub(depositSweepTxFee)
 
         const actualBalance = await bank.balanceOf(
+          vaultAddress
+        )
+
+        expect(actualBalance).to.be.equal(expectedBalance)
+      })
+
+      it("should mint TBTC tokens for the depositor", async () => {
+        const { treasuryFee } = await TBTC.getRevealedDeposit(
+          depositUtxo,
+          maintainerBridgeHandle
+        )
+
+        const balanceInSatoshis = depositAmount
+          .sub(treasuryFee)
+          .sub(depositSweepTxFee)
+
+        const expectedBalance = balanceInSatoshis.mul(SATOSHI_MULTIPLIER)
+
+        const actualBalance = tbtc.balanceOf(
           systemTestsContext.depositor.address
         )