diff --git a/lnwallet/wallet.go b/lnwallet/wallet.go
index 296fbf87..82ba1983 100644
--- a/lnwallet/wallet.go
+++ b/lnwallet/wallet.go
@@ -316,7 +316,12 @@ type LightningWallet struct {
 	// monotonically integer. All requests concerning the channel MUST
 	// carry a valid, active funding ID.
 	fundingLimbo map[uint64]*ChannelReservation
-	limboMtx     sync.RWMutex
+
+	// reservationIDs maps a pending channel ID to the reservation ID used
+	// as key in the fundingLimbo map. Used to easily look up a channel
+	// reservation given a pending channel ID.
+	reservationIDs map[[32]byte]uint64
+	limboMtx       sync.RWMutex
 
 	// lockedOutPoints is a set of the currently locked outpoint. This
 	// information is kept in order to provide an easy way to unlock all
@@ -347,6 +352,7 @@ func NewLightningWallet(Cfg Config) (*LightningWallet, error) {
 		msgChan:          make(chan interface{}, msgBufferSize),
 		nextFundingID:    0,
 		fundingLimbo:     make(map[uint64]*ChannelReservation),
+		reservationIDs:   make(map[[32]byte]uint64),
 		lockedOutPoints:  make(map[wire.OutPoint]struct{}),
 		fundingIntents:   make(map[[32]byte]chanfunding.Intent),
 		quit:             make(chan struct{}),
@@ -417,6 +423,7 @@ func (l *LightningWallet) LockedOutpoints() []*wire.OutPoint {
 func (l *LightningWallet) ResetReservations() {
 	l.nextFundingID = 0
 	l.fundingLimbo = make(map[uint64]*ChannelReservation)
+	l.reservationIDs = make(map[[32]byte]uint64)
 
 	for outpoint := range l.lockedOutPoints {
 		l.UnlockOutpoint(outpoint)
@@ -523,16 +530,16 @@ func (l *LightningWallet) RegisterFundingIntent(expectedID [32]byte,
 // PsbtFundingVerify looks up a previously registered funding intent by its
 // pending channel ID and tries to advance the state machine by verifying the
 // passed PSBT.
-func (l *LightningWallet) PsbtFundingVerify(pid [32]byte,
+func (l *LightningWallet) PsbtFundingVerify(pendingChanID [32]byte,
 	packet *psbt.Packet) error {
 
 	l.intentMtx.Lock()
 	defer l.intentMtx.Unlock()
 
-	intent, ok := l.fundingIntents[pid]
+	intent, ok := l.fundingIntents[pendingChanID]
 	if !ok {
 		return fmt.Errorf("no funding intent found for "+
-			"pendingChannelID(%x)", pid[:])
+			"pendingChannelID(%x)", pendingChanID[:])
 	}
 	psbtIntent, ok := intent.(*chanfunding.PsbtIntent)
 	if !ok {
@@ -543,7 +550,49 @@ func (l *LightningWallet) PsbtFundingVerify(pid [32]byte,
 		return fmt.Errorf("error verifying PSBT: %v", err)
 	}
 
-	return nil
+	// Get the channel reservation for that corresponds to this pending
+	// channel ID.
+	l.limboMtx.Lock()
+	pid, ok := l.reservationIDs[pendingChanID]
+	if !ok {
+		l.limboMtx.Unlock()
+		return fmt.Errorf("no channel reservation found for "+
+			"pendingChannelID(%x)", pendingChanID[:])
+	}
+
+	pendingReservation, ok := l.fundingLimbo[pid]
+	l.limboMtx.Unlock()
+
+	if !ok {
+		return fmt.Errorf("no channel reservation found for "+
+			"reservation ID %v", pid)
+	}
+
+	// Now the the PSBT has been verified, we can again check whether the
+	// value reserved for anchor fee bumping is respected.
+	numAnchors, err := l.currentNumAnchorChans()
+	if err != nil {
+		return err
+	}
+
+	// If this commit type is an anchor channel we add that to our counter,
+	// but only if we are contributing funds to the channel. This is done
+	// to still allow incoming channels even though we have no UTXOs
+	// available, as in bootstrapping phases.
+	if pendingReservation.partialState.ChanType.HasAnchors() &&
+		intent.LocalFundingAmt() > 0 {
+		numAnchors++
+	}
+
+	// We check the reserve value again, this should already have been
+	// checked for regular FullIntents, but now the PSBT intent is also
+	// populated.
+	return l.WithCoinSelectLock(func() error {
+		_, err := l.CheckReservedValue(
+			intent.Inputs(), intent.Outputs(), numAnchors,
+		)
+		return err
+	})
 }
 
 // PsbtFundingFinalize looks up a previously registered funding intent by its
@@ -727,6 +776,46 @@ func (l *LightningWallet) handleFundingReserveRequest(req *InitFundingReserveMsg
 		thawHeight = shimIntent.ThawHeight()
 	}
 
+	// Now that we have a funding intent, we'll check whether funding a
+	// channel using it would violate our reserved value for anchor channel
+	// fee bumping. We first get our current number of anchor channels.
+	numAnchors, err := l.currentNumAnchorChans()
+	if err != nil {
+		fundingIntent.Cancel()
+
+		req.err <- err
+		req.resp <- nil
+		return
+	}
+
+	// If this commit type is an anchor channel we add that to our counter,
+	// but only if we are contributing funds to the channel. This is done
+	// to still allow incoming channels even though we have no UTXOs
+	// available, as in bootstrapping phases.
+	if req.CommitType == CommitmentTypeAnchorsZeroFeeHtlcTx &&
+		fundingIntent.LocalFundingAmt() > 0 {
+		numAnchors++
+	}
+
+	// Check the reserved value using the inputs and outputs given by the
+	// intent. Not that for the PSBT intent type we don't yet have the
+	// funding tx ready, so this will always pass. We'll do another check
+	// when the PSBT has been verified.
+	err = l.WithCoinSelectLock(func() error {
+		_, err := l.CheckReservedValue(
+			fundingIntent.Inputs(), fundingIntent.Outputs(),
+			numAnchors,
+		)
+		return err
+	})
+	if err != nil {
+		fundingIntent.Cancel()
+
+		req.err <- err
+		req.resp <- nil
+		return
+	}
+
 	// The total channel capacity will be the size of the funding output we
 	// created plus the remote contribution.
 	capacity := localFundingAmt + remoteFundingAmt
@@ -761,6 +850,7 @@ func (l *LightningWallet) handleFundingReserveRequest(req *InitFundingReserveMsg
 	// request.
 	l.limboMtx.Lock()
 	l.fundingLimbo[id] = reservation
+	l.reservationIDs[req.PendingChanID] = id
 	l.limboMtx.Unlock()
 
 	// Funding reservation request successfully handled. The funding inputs
@@ -770,6 +860,51 @@ func (l *LightningWallet) handleFundingReserveRequest(req *InitFundingReserveMsg
 	req.err <- nil
 }
 
+// currentNumAnchorChans returns the current number of anchor channels the
+// wallet should be ready to fee bump if needed.
+func (l *LightningWallet) currentNumAnchorChans() (int, error) {
+	// Count all anchor channels that are open or pending
+	// open, or waiting close.
+	chans, err := l.Cfg.Database.FetchAllChannels()
+	if err != nil {
+		return 0, err
+	}
+
+	var numAnchors int
+	for _, c := range chans {
+		if c.ChanType.HasAnchors() {
+			numAnchors++
+		}
+	}
+
+	// We also count pending close channels.
+	pendingClosed, err := l.Cfg.Database.FetchClosedChannels(
+		true,
+	)
+	if err != nil {
+		return 0, err
+	}
+
+	for _, c := range pendingClosed {
+		c, err := l.Cfg.Database.FetchHistoricalChannel(
+			&c.ChanPoint,
+		)
+		if err != nil {
+			// We don't have a guarantee that all channels re found
+			// in the historical channels bucket, so we continue.
+			walletLog.Warnf("Unable to fetch historical "+
+				"channel: %v", err)
+			continue
+		}
+
+		if c.ChanType.HasAnchors() {
+			numAnchors++
+		}
+	}
+
+	return numAnchors, nil
+}
+
 // CheckReservedValue checks whether publishing a transaction with the given
 // inputs and outputs would violate the value we reserve in the wallet for
 // bumping the fee of anchor channels. The numAnchorChans argument should be
@@ -984,6 +1119,7 @@ func (l *LightningWallet) handleFundingCancelRequest(req *fundingReserveCancelMs
 	delete(l.fundingLimbo, req.pendingFundingID)
 
 	pid := pendingReservation.pendingChanID
+	delete(l.reservationIDs, pid)
 
 	l.intentMtx.Lock()
 	if intent, ok := l.fundingIntents[pid]; ok {
@@ -1534,6 +1670,7 @@ func (l *LightningWallet) handleFundingCounterPartySigs(msg *addCounterPartySigs
 	// Funding complete, this entry can be removed from limbo.
 	l.limboMtx.Lock()
 	delete(l.fundingLimbo, res.reservationID)
+	delete(l.reservationIDs, res.pendingChanID)
 	l.limboMtx.Unlock()
 
 	l.intentMtx.Lock()