diff --git a/packages/loot-core/src/server/transactions/transaction-rules.ts b/packages/loot-core/src/server/transactions/transaction-rules.ts
index ad25032e16..7711a00303 100644
--- a/packages/loot-core/src/server/transactions/transaction-rules.ts
+++ b/packages/loot-core/src/server/transactions/transaction-rules.ts
@@ -959,13 +959,6 @@ export async function prepareTransactionForRules(
       r._account = await getAccount(trans.account);
       r._account_name = r._account?.name || '';
     }
-  }
-
-  if (trans.category) {
-    const category = await getCategory(trans.category);
-    if (category) {
-      r._category_name = category.name;
-    }
 
     const dateBoundary = trans.date ?? currentDay();
     let query = q('transactions')
@@ -1005,6 +998,13 @@ export async function prepareTransactionForRules(
     r.balance = balance ?? 0;
   }
 
+  if (trans.category) {
+    const category = await getCategory(trans.category);
+    if (category) {
+      r._category_name = category.name;
+    }
+  }
+
   return r;
 }
 
diff --git a/upcoming-release-notes/6198.md b/upcoming-release-notes/6198.md
new file mode 100644
index 0000000000..ba7be75ae1
--- /dev/null
+++ b/upcoming-release-notes/6198.md
@@ -0,0 +1,6 @@
+---
+category: Bugfix
+authors: [sys044]
+---
+
+Fixes the balance rule action templating variable for uncategorised transactions