diff --git a/packages/desktop-client/src/components/modals/ImportTransactions.js b/packages/desktop-client/src/components/modals/ImportTransactions.js
index 309916656a..e9f27f5c80 100644
--- a/packages/desktop-client/src/components/modals/ImportTransactions.js
+++ b/packages/desktop-client/src/components/modals/ImportTransactions.js
@@ -578,7 +578,7 @@ export default function ImportTransactions({ modalProps, options }) {
   // options which are simple post-processing. That means if you
   // parsed different files without closing the modal, it wouldn't
   // re-read this.
-  let [csvDelimiter, setCsvDelimiter] = useState(
+  let [delimiter, setDelimiter] = useState(
     prefs[`csv-delimiter-${accountId}`] ||
       (filename.endsWith('.tsv') ? '\t' : ','),
   );
@@ -666,7 +666,7 @@ export default function ImportTransactions({ modalProps, options }) {
     const fileType = getFileType(options.filename);
     const parseOptions = getParseOptions(
       fileType,
-      { csvDelimiter, hasHeaderRow },
+      { delimiter, hasHeaderRow },
       { fallbackMissingPayeeToMemo },
     );
 
@@ -716,7 +716,7 @@ export default function ImportTransactions({ modalProps, options }) {
     const fileType = getFileType(res[0]);
     const parseOptions = getParseOptions(
       fileType,
-      { csvDelimiter, hasHeaderRow },
+      { delimiter, hasHeaderRow },
       { fallbackMissingPayeeToMemo },
     );
 
@@ -787,7 +787,7 @@ export default function ImportTransactions({ modalProps, options }) {
       savePrefs({
         [`csv-mappings-${accountId}`]: JSON.stringify(fieldMappings),
       });
-      savePrefs({ [`csv-delimiter-${accountId}`]: csvDelimiter });
+      savePrefs({ [`csv-delimiter-${accountId}`]: delimiter });
     }
 
     if (filetype === 'csv' || filetype === 'qif') {
@@ -966,11 +966,12 @@ export default function ImportTransactions({ modalProps, options }) {
                     options={[
                       [',', ','],
                       [';', ';'],
+                      ['|', '|'],
                       ['\t', 'tab'],
                     ]}
-                    value={csvDelimiter}
+                    value={delimiter}
                     onChange={value => {
-                      setCsvDelimiter(value);
+                      setDelimiter(value);
                       parse(
                         filename,
                         getParseOptions('csv', {
@@ -990,7 +991,7 @@ export default function ImportTransactions({ modalProps, options }) {
                     parse(
                       filename,
                       getParseOptions('csv', {
-                        delimiter: csvDelimiter,
+                        delimiter,
                         hasHeaderRow: !hasHeaderRow,
                       }),
                     );
@@ -1070,8 +1071,8 @@ export default function ImportTransactions({ modalProps, options }) {
 
 function getParseOptions(fileType, csvOptions, ofxOptions) {
   if (fileType === 'csv') {
-    const { csvDelimiter, hasHeaderRow } = csvOptions;
-    return { csvDelimiter, hasHeaderRow };
+    const { delimiter, hasHeaderRow } = csvOptions;
+    return { delimiter, hasHeaderRow };
   } else if (isOfxFile(fileType)) {
     const { fallbackMissingPayeeToMemo } = ofxOptions;
     return { fallbackMissingPayeeToMemo };
diff --git a/upcoming-release-notes/1774.md b/upcoming-release-notes/1774.md
new file mode 100644
index 0000000000..1ad0be8ce5
--- /dev/null
+++ b/upcoming-release-notes/1774.md
@@ -0,0 +1,6 @@
+---
+category: Bugfix
+authors: [KaiBelmo]
+---
+
+Fix selecting delimiters in CSV options when uploading a CSV; it will apply to parsing. Also added a new delimiter '|'.
\ No newline at end of file