diff --git a/docs/rpc.md b/docs/rpc.md
index 910464833..a32ef1cce 100644
--- a/docs/rpc.md
+++ b/docs/rpc.md
@@ -48,7 +48,7 @@ which would yield the response:
 | `getconnectioncount` | Yes |
 | `getcontractstate` | Yes |
 | `getnep5balances` | Yes |
-| `getnep5transfers` | No (#498) |
+| `getnep5transfers` | Yes |
 | `getpeers` | Yes |
 | `getrawmempool` | Yes |
 | `getrawtransaction` | Yes |
diff --git a/pkg/core/blockchain.go b/pkg/core/blockchain.go
index d1b6a4433..6c6118284 100644
--- a/pkg/core/blockchain.go
+++ b/pkg/core/blockchain.go
@@ -810,12 +810,21 @@ func (bc *Blockchain) processNEP5Transfer(cache *cachedDao, tx *transaction.Tran
 		}
 
 		transfer.Amount = amount
-		if err := cache.AppendNEP5Transfer(fromAddr, transfer); err != nil {
+		if err := cache.AppendNEP5Transfer(toAddr, transfer); err != nil {
 			return
 		}
 	}
 }
 
+// GetNEP5TransferLog returns NEP5 transfer log for the acc.
+func (bc *Blockchain) GetNEP5TransferLog(acc util.Uint160) *state.NEP5TransferLog {
+	lg, err := bc.dao.GetNEP5TransferLog(acc)
+	if err != nil {
+		return nil
+	}
+	return lg
+}
+
 // LastBatch returns last persisted storage batch.
 func (bc *Blockchain) LastBatch() *storage.MemBatch {
 	return bc.lastBatch
diff --git a/pkg/core/blockchainer.go b/pkg/core/blockchainer.go
index 968ab66a0..0c2aa0065 100644
--- a/pkg/core/blockchainer.go
+++ b/pkg/core/blockchainer.go
@@ -34,6 +34,7 @@ type Blockchainer interface {
 	GetAssetState(util.Uint256) *state.Asset
 	GetAccountState(util.Uint160) *state.Account
 	GetAppExecResult(util.Uint256) (*state.AppExecResult, error)
+	GetNEP5TransferLog(util.Uint160) *state.NEP5TransferLog
 	GetValidators(txes ...*transaction.Transaction) ([]*keys.PublicKey, error)
 	GetScriptHashesForVerifying(*transaction.Transaction) ([]util.Uint160, error)
 	GetStorageItem(scripthash util.Uint160, key []byte) *state.StorageItem
diff --git a/pkg/core/dao.go b/pkg/core/dao.go
index 482eadbee..d64b1426c 100644
--- a/pkg/core/dao.go
+++ b/pkg/core/dao.go
@@ -142,6 +142,9 @@ func (dao *dao) GetNEP5TransferLog(acc util.Uint160) (*state.NEP5TransferLog, er
 	key := storage.AppendPrefix(storage.STNEP5Transfers, acc.BytesBE())
 	value, err := dao.store.Get(key)
 	if err != nil {
+		if err == storage.ErrKeyNotFound {
+			return new(state.NEP5TransferLog), nil
+		}
 		return nil, err
 	}
 	return &state.NEP5TransferLog{Raw: value}, nil
diff --git a/pkg/core/state/nep5.go b/pkg/core/state/nep5.go
index e2143d13d..589a3d89c 100644
--- a/pkg/core/state/nep5.go
+++ b/pkg/core/state/nep5.go
@@ -52,6 +52,24 @@ func (lg *NEP5TransferLog) Append(tr *NEP5Transfer) error {
 	return nil
 }
 
+// ForEach iterates over transfer log returning on first error.
+func (lg *NEP5TransferLog) ForEach(f func(*NEP5Transfer) error) error {
+	if lg == nil {
+		return nil
+	}
+	tr := new(NEP5Transfer)
+	for i := 0; i < len(lg.Raw); i += NEP5TransferSize {
+		r := io.NewBinReaderFromBuf(lg.Raw[i : i+NEP5TransferSize])
+		tr.DecodeBinary(r)
+		if r.Err != nil {
+			return r.Err
+		} else if err := f(tr); err != nil {
+			return nil
+		}
+	}
+	return nil
+}
+
 // EncodeBinary implements io.Serializable interface.
 func (t *NEP5Tracker) EncodeBinary(w *io.BinWriter) {
 	w.WriteU64LE(uint64(t.Balance))
diff --git a/pkg/core/state/nep5_test.go b/pkg/core/state/nep5_test.go
index e97a37c8f..03cf14e57 100644
--- a/pkg/core/state/nep5_test.go
+++ b/pkg/core/state/nep5_test.go
@@ -1,14 +1,40 @@
 package state
 
 import (
+	gio "io"
 	"math/rand"
 	"testing"
+	"time"
 
 	"github.com/nspcc-dev/neo-go/pkg/io"
 	"github.com/nspcc-dev/neo-go/pkg/util"
 	"github.com/stretchr/testify/require"
 )
 
+func TestNEP5TransferLog_Append(t *testing.T) {
+	r := rand.New(rand.NewSource(time.Now().UnixNano()))
+	expected := []*NEP5Transfer{
+		randomTransfer(t, r),
+		randomTransfer(t, r),
+		randomTransfer(t, r),
+		randomTransfer(t, r),
+	}
+
+	lg := new(NEP5TransferLog)
+	for _, tr := range expected {
+		require.NoError(t, lg.Append(tr))
+	}
+
+	i := 0
+	err := lg.ForEach(func(tr *NEP5Transfer) error {
+		require.Equal(t, expected[i], tr)
+		i++
+		return nil
+	})
+	require.NoError(t, err)
+
+}
+
 func TestNEP5Tracker_EncodeBinary(t *testing.T) {
 	expected := &NEP5Tracker{
 		Balance:          int64(rand.Uint64()),
@@ -32,6 +58,25 @@ func TestNEP5Transfer_DecodeBinary(t *testing.T) {
 	testEncodeDecode(t, expected, new(NEP5Transfer))
 }
 
+func randomTransfer(t *testing.T, r *rand.Rand) *NEP5Transfer {
+	tr := &NEP5Transfer{
+		Amount: int64(r.Uint64()),
+		Block:  r.Uint32(),
+	}
+
+	var err error
+	_, err = gio.ReadFull(r, tr.Asset[:])
+	require.NoError(t, err)
+	_, err = gio.ReadFull(r, tr.From[:])
+	require.NoError(t, err)
+	_, err = gio.ReadFull(r, tr.To[:])
+	require.NoError(t, err)
+	_, err = gio.ReadFull(r, tr.Tx[:])
+	require.NoError(t, err)
+
+	return tr
+}
+
 func testEncodeDecode(t *testing.T, expected, actual io.Serializable) {
 	w := io.NewBufBinWriter()
 	expected.EncodeBinary(w.BinWriter)
diff --git a/pkg/network/helper_test.go b/pkg/network/helper_test.go
index 21161dc0c..ff2edbc4b 100644
--- a/pkg/network/helper_test.go
+++ b/pkg/network/helper_test.go
@@ -92,6 +92,9 @@ func (chain testChain) GetAssetState(util.Uint256) *state.Asset {
 func (chain testChain) GetAccountState(util.Uint160) *state.Account {
 	panic("TODO")
 }
+func (chain testChain) GetNEP5TransferLog(util.Uint160) *state.NEP5TransferLog {
+	panic("TODO")
+}
 func (chain testChain) GetValidators(...*transaction.Transaction) ([]*keys.PublicKey, error) {
 	panic("TODO")
 }
diff --git a/pkg/rpc/client/doc.go b/pkg/rpc/client/doc.go
index 03e85379f..888ef0a54 100644
--- a/pkg/rpc/client/doc.go
+++ b/pkg/rpc/client/doc.go
@@ -22,6 +22,7 @@ Supported methods
 	getblock
 	getclaimable
 	getnep5balances
+	getnep5transfers
 	getrawtransaction
 	getunspents
 	invoke
@@ -44,7 +45,6 @@ Unsupported methods
 	getconnectioncount
 	getcontractstate
 	getmetricblocktimestamp
-	getnep5transfers
 	getnewaddress
 	getpeers
 	getrawmempool
diff --git a/pkg/rpc/client/rpc.go b/pkg/rpc/client/rpc.go
index 6d9b3f67f..d30148ee4 100644
--- a/pkg/rpc/client/rpc.go
+++ b/pkg/rpc/client/rpc.go
@@ -103,6 +103,16 @@ func (c *Client) GetNEP5Balances(address util.Uint160) (*result.NEP5Balances, er
 	return resp, nil
 }
 
+// GetNEP5Transfers is a wrapper for getnep5transfers RPC.
+func (c *Client) GetNEP5Transfers(address string) (*result.NEP5Transfers, error) {
+	params := request.NewRawParams(address)
+	resp := new(result.NEP5Transfers)
+	if err := c.performRequest("getnep5transfers", params, resp); err != nil {
+		return nil, err
+	}
+	return resp, nil
+}
+
 // GetRawTransaction returns a transaction by hash.
 func (c *Client) GetRawTransaction(hash util.Uint256) (*transaction.Transaction, error) {
 	var (
diff --git a/pkg/rpc/response/result/nep5.go b/pkg/rpc/response/result/nep5.go
index 8a70b13b7..29e0bc9e9 100644
--- a/pkg/rpc/response/result/nep5.go
+++ b/pkg/rpc/response/result/nep5.go
@@ -14,3 +14,21 @@ type NEP5Balance struct {
 	Amount      string       `json:"amount"`
 	LastUpdated uint32       `json:"last_updated_block"`
 }
+
+// NEP5Transfers is a result for the getnep5transfers RPC.
+type NEP5Transfers struct {
+	Sent     []NEP5Transfer `json:"sent"`
+	Received []NEP5Transfer `json:"received"`
+	Address  string         `json:"address"`
+}
+
+// NEP5Transfer represents single NEP5 transfer event.
+type NEP5Transfer struct {
+	Timestamp   uint32       `json:"timestamp"`
+	Asset       util.Uint160 `json:"asset_hash"`
+	Address     string       `json:"transfer_address,omitempty"`
+	Amount      string       `json:"amount"`
+	Index       uint32       `json:"block_index"`
+	NotifyIndex uint32       `json:"transfer_notify_index"`
+	TxHash      util.Uint256 `json:"tx_hash"`
+}
diff --git a/pkg/rpc/server/prometheus.go b/pkg/rpc/server/prometheus.go
index 0907b0bc5..bc18a0966 100644
--- a/pkg/rpc/server/prometheus.go
+++ b/pkg/rpc/server/prometheus.go
@@ -83,6 +83,14 @@ var (
 		},
 	)
 
+	getnep5transfersCalled = prometheus.NewCounter(
+		prometheus.CounterOpts{
+			Help:      "Number of calls to getnep5transfers rpc endpoint",
+			Name:      "getnep5transfers_called",
+			Namespace: "neogo",
+		},
+	)
+
 	getversionCalled = prometheus.NewCounter(
 		prometheus.CounterOpts{
 			Help:      "Number of calls to getversion rpc endpoint",
diff --git a/pkg/rpc/server/server.go b/pkg/rpc/server/server.go
index 37b7e4561..9d13d33f0 100644
--- a/pkg/rpc/server/server.go
+++ b/pkg/rpc/server/server.go
@@ -202,6 +202,10 @@ Methods:
 		getnep5balancesCalled.Inc()
 		results, resultsErr = s.getNEP5Balances(reqParams)
 
+	case "getnep5transfers":
+		getnep5transfersCalled.Inc()
+		results, resultsErr = s.getNEP5Transfers(reqParams)
+
 	case "getversion":
 		getversionCalled.Inc()
 		results = result.Version{
@@ -410,6 +414,47 @@ func (s *Server) getNEP5Balances(ps request.Params) (interface{}, error) {
 	return bs, nil
 }
 
+func (s *Server) getNEP5Transfers(ps request.Params) (interface{}, error) {
+	p, ok := ps.ValueWithType(0, request.StringT)
+	if !ok {
+		return nil, response.ErrInvalidParams
+	}
+	u, err := p.GetUint160FromAddress()
+	if err != nil {
+		return nil, response.ErrInvalidParams
+	}
+
+	bs := &result.NEP5Transfers{Address: address.Uint160ToString(u)}
+	lg := s.chain.GetNEP5TransferLog(u)
+	err = lg.ForEach(func(tr *state.NEP5Transfer) error {
+		transfer := result.NEP5Transfer{
+			Timestamp: tr.Timestamp,
+			Asset:     tr.Asset,
+			Index:     tr.Block,
+			TxHash:    tr.Tx,
+		}
+		if tr.Amount > 0 { // token was received
+			transfer.Amount = strconv.FormatInt(tr.Amount, 10)
+			if !tr.From.Equals(util.Uint160{}) {
+				transfer.Address = address.Uint160ToString(tr.From)
+			}
+			bs.Received = append(bs.Received, transfer)
+			return nil
+		}
+
+		transfer.Amount = strconv.FormatInt(-tr.Amount, 10)
+		if !tr.From.Equals(util.Uint160{}) {
+			transfer.Address = address.Uint160ToString(tr.To)
+		}
+		bs.Sent = append(bs.Sent, transfer)
+		return nil
+	})
+	if err != nil {
+		return nil, response.NewInternalServerError("invalid NEP5 transfer log", err)
+	}
+	return bs, nil
+}
+
 func (s *Server) getStorage(ps request.Params) (interface{}, error) {
 	param, ok := ps.Value(0)
 	if !ok {
diff --git a/pkg/rpc/server/server_test.go b/pkg/rpc/server/server_test.go
index a2a77381c..c26c98332 100644
--- a/pkg/rpc/server/server_test.go
+++ b/pkg/rpc/server/server_test.go
@@ -14,6 +14,7 @@ import (
 
 	"github.com/nspcc-dev/neo-go/pkg/core"
 	"github.com/nspcc-dev/neo-go/pkg/core/transaction"
+	"github.com/nspcc-dev/neo-go/pkg/encoding/address"
 	"github.com/nspcc-dev/neo-go/pkg/internal/random"
 	"github.com/nspcc-dev/neo-go/pkg/rpc/response"
 	"github.com/nspcc-dev/neo-go/pkg/rpc/response/result"
@@ -170,6 +171,41 @@ var rpcTestCases = map[string][]rpcTestCase{
 			},
 		},
 	},
+	"getnep5transfers": {
+		{
+			name:   "no params",
+			params: `[]`,
+			fail:   true,
+		},
+		{
+			name:   "invalid address",
+			params: `["notahex"]`,
+			fail:   true,
+		},
+		{
+			name:   "positive",
+			params: `["AKkkumHbBipZ46UMZJoFynJMXzSRnBvKcs"]`,
+			result: func(e *executor) interface{} { return &result.NEP5Transfers{} },
+			check: func(t *testing.T, e *executor, acc interface{}) {
+				res, ok := acc.(*result.NEP5Transfers)
+				require.True(t, ok)
+				require.Equal(t, "AKkkumHbBipZ46UMZJoFynJMXzSRnBvKcs", res.Address)
+
+				assetHash, err := util.Uint160DecodeStringLE("d864728bdbc88da799bc43862ae6aaa62adc3a87")
+				require.NoError(t, err)
+
+				require.Equal(t, 1, len(res.Received))
+				require.Equal(t, "1000", res.Received[0].Amount)
+				require.Equal(t, assetHash, res.Received[0].Asset)
+				require.Equal(t, address.Uint160ToString(assetHash), res.Received[0].Address)
+
+				require.Equal(t, 1, len(res.Sent))
+				require.Equal(t, "123", res.Sent[0].Amount)
+				require.Equal(t, assetHash, res.Sent[0].Asset)
+				require.Equal(t, "AWLYWXB8C9Lt1nHdDZJnC5cpYJjgRDLk17", res.Sent[0].Address)
+			},
+		},
+	},
 	"getstorage": {
 		{
 			name:   "positive",