diff --git a/CHANGELOG.md b/CHANGELOG.md
index ff23cb0311be..655edefcfbb5 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -63,6 +63,7 @@ if input key is empty, or input data contains empty key.
   * CLI: removed `--text` flag from `show-node-id` command; the text format for public keys is not used any more - instead we use ProtoJSON.
 * (types) [\#9079](https://github.com/cosmos/cosmos-sdk/issues/9079) Add `AddAmount`/`SubAmount` methods to `sdk.Coin`.
 * [\#8628](https://github.com/cosmos/cosmos-sdk/issues/8628) Commands no longer print outputs using `stderr` by default
+* [\#9134](https://github.com/cosmos/cosmos-sdk/pull/9134) Renamed the CLI flag `--memo` to `--note`.
 * [\#9139](https://github.com/cosmos/cosmos-sdk/pull/9139) Querying events:
   * via `ServiceMsg` TypeURLs (e.g. `message.action='/cosmos.bank.v1beta1.Msg/Send'`) does not work anymore,
   * via legacy `msg.Type()` (e.g. `message.action='send'`) is being deprecated, new `Msg`s won't emit these events.
diff --git a/client/flags/flags.go b/client/flags/flags.go
index fa13642127f7..629929bb08ba 100644
--- a/client/flags/flags.go
+++ b/client/flags/flags.go
@@ -50,7 +50,7 @@ const (
 	FlagName             = "name"
 	FlagAccountNumber    = "account-number"
 	FlagSequence         = "sequence"
-	FlagMemo             = "memo"
+	FlagNote             = "note"
 	FlagFees             = "fees"
 	FlagGas              = "gas"
 	FlagGasPrices        = "gas-prices"
@@ -97,7 +97,7 @@ func AddTxFlagsToCmd(cmd *cobra.Command) {
 	cmd.Flags().String(FlagFrom, "", "Name or address of private key with which to sign")
 	cmd.Flags().Uint64P(FlagAccountNumber, "a", 0, "The account number of the signing account (offline mode only)")
 	cmd.Flags().Uint64P(FlagSequence, "s", 0, "The sequence number of the signing account (offline mode only)")
-	cmd.Flags().String(FlagMemo, "", "Memo to send along with transaction")
+	cmd.Flags().String(FlagNote, "", "Note to add a description to the transaction (previously `--memo`)")
 	cmd.Flags().String(FlagFees, "", "Fees to pay along with transaction; eg: 10uatom")
 	cmd.Flags().String(FlagGasPrices, "", "Gas prices in decimal format to determine the transaction fee (e.g. 0.1uatom)")
 	cmd.Flags().String(FlagNode, "tcp://localhost:26657", "<host>:<port> to tendermint rpc interface for this chain")
diff --git a/client/tx/factory.go b/client/tx/factory.go
index b10d728d6b87..2cb951922d0a 100644
--- a/client/tx/factory.go
+++ b/client/tx/factory.go
@@ -44,7 +44,7 @@ func NewFactoryCLI(clientCtx client.Context, flagSet *pflag.FlagSet) Factory {
 	accNum, _ := flagSet.GetUint64(flags.FlagAccountNumber)
 	accSeq, _ := flagSet.GetUint64(flags.FlagSequence)
 	gasAdj, _ := flagSet.GetFloat64(flags.FlagGasAdjustment)
-	memo, _ := flagSet.GetString(flags.FlagMemo)
+	memo, _ := flagSet.GetString(flags.FlagNote)
 	timeoutHeight, _ := flagSet.GetUint64(flags.FlagTimeoutHeight)
 
 	gasStr, _ := flagSet.GetString(flags.FlagGas)
diff --git a/x/auth/client/testutil/suite.go b/x/auth/client/testutil/suite.go
index dfda9f44258e..f176716cfb09 100644
--- a/x/auth/client/testutil/suite.go
+++ b/x/auth/client/testutil/suite.go
@@ -515,7 +515,7 @@ func (s *IntegrationTestSuite) TestCLIEncode() {
 		val1, val1.Address,
 		sdk.NewCoins(sendTokens),
 		fmt.Sprintf("--%s=true", flags.FlagGenerateOnly),
-		fmt.Sprintf("--%s=deadbeef", flags.FlagMemo),
+		fmt.Sprintf("--%s=deadbeef", flags.FlagNote),
 	)
 	s.Require().NoError(err)
 	savedTxFile := testutil.WriteToNewTempFile(s.T(), normalGeneratedTx.String())
diff --git a/x/auth/tx/service_test.go b/x/auth/tx/service_test.go
index 6519eed5a341..547186603a52 100644
--- a/x/auth/tx/service_test.go
+++ b/x/auth/tx/service_test.go
@@ -73,7 +73,7 @@ func (s *IntegrationTestSuite) SetupSuite() {
 		fmt.Sprintf("--%s=%s", flags.FlagBroadcastMode, flags.BroadcastBlock),
 		fmt.Sprintf("--%s=%s", flags.FlagFees, sdk.NewCoins(sdk.NewCoin(s.cfg.BondDenom, sdk.NewInt(10))).String()),
 		fmt.Sprintf("--gas=%d", flags.DefaultGasLimit),
-		fmt.Sprintf("--%s=foobar", flags.FlagMemo),
+		fmt.Sprintf("--%s=foobar", flags.FlagNote),
 	)
 	s.Require().NoError(err)
 	s.Require().NoError(val.ClientCtx.JSONCodec.UnmarshalJSON(out.Bytes(), &s.txRes))
@@ -529,7 +529,7 @@ func (s *IntegrationTestSuite) TestSimMultiSigTx() {
 		fmt.Sprintf("--%s=%s", flags.FlagBroadcastMode, flags.BroadcastBlock),
 		fmt.Sprintf("--%s=%s", flags.FlagFees, sdk.NewCoins(sdk.NewCoin(s.cfg.BondDenom, sdk.NewInt(10))).String()),
 		fmt.Sprintf("--%s=true", flags.FlagGenerateOnly),
-		fmt.Sprintf("--%s=foobar", flags.FlagMemo),
+		fmt.Sprintf("--%s=foobar", flags.FlagNote),
 	)
 	s.Require().NoError(err)