diff --git a/main/commons/src/main/java/org/cryptomator/common/settings/VaultSettings.java b/main/commons/src/main/java/org/cryptomator/common/settings/VaultSettings.java
index 1fdaefebf..6e2bd3cd8 100644
--- a/main/commons/src/main/java/org/cryptomator/common/settings/VaultSettings.java
+++ b/main/commons/src/main/java/org/cryptomator/common/settings/VaultSettings.java
@@ -19,7 +19,6 @@ import javafx.beans.property.SimpleObjectProperty;
 import javafx.beans.property.SimpleStringProperty;
 import javafx.beans.property.StringProperty;
 import org.apache.commons.lang3.StringUtils;
-import org.fxmisc.easybind.EasyBind;
 
 import java.nio.file.Path;
 import java.util.Objects;
@@ -60,31 +59,12 @@ public class VaultSettings {
 	public VaultSettings(String id) {
 		this.id = Objects.requireNonNull(id);
 		this.mountName = Bindings.createStringBinding(this::normalizeDisplayName, displayName);
-
-		EasyBind.subscribe(path, this::deriveDisplayNameFromPathOrUseDefault);
 	}
 
 	Observable[] observables() {
 		return new Observable[]{path, displayName, winDriveLetter, unlockAfterStartup, revealAfterMount, useCustomMountPath, customMountPath, usesReadOnlyMode, mountFlags, filenameLengthLimit, actionAfterUnlock};
 	}
 
-	private void deriveDisplayNameFromPathOrUseDefault(Path newPath) {
-		final boolean mountNameSet = !StringUtils.isBlank(displayName.get());
-		final boolean dirnameExists = (newPath != null) && (newPath.getFileName() != null);
-		final String defaultPattern = DEFAULT_MOUNT_NAME + " " + id;
-
-		if (!mountNameSet && dirnameExists) {
-			displayName.set(newPath.getFileName().toString());
-		} else if (!mountNameSet && !dirnameExists) {
-			displayName.set(defaultPattern);
-		} else if (mountNameSet && dirnameExists) {
-			if (displayName.get().equals(defaultPattern)) {
-				//this is okay, since this function is only executed if the path changes (aka, the vault is created or added)
-				displayName.set(newPath.getFileName().toString());
-			}
-		}
-	}
-
 	public static VaultSettings withRandomId() {
 		return new VaultSettings(generateId());
 	}
diff --git a/main/commons/src/main/java/org/cryptomator/common/settings/VaultSettingsJsonAdapter.java b/main/commons/src/main/java/org/cryptomator/common/settings/VaultSettingsJsonAdapter.java
index a8b940918..a6dafd9f9 100644
--- a/main/commons/src/main/java/org/cryptomator/common/settings/VaultSettingsJsonAdapter.java
+++ b/main/commons/src/main/java/org/cryptomator/common/settings/VaultSettingsJsonAdapter.java
@@ -37,7 +37,7 @@ class VaultSettingsJsonAdapter {
 	public VaultSettings read(JsonReader in) throws IOException {
 		String id = null;
 		String path = null;
-		String mountName = null;
+		String displayName = null;
 		String customMountPath = null;
 		String winDriveLetter = null;
 		boolean unlockAfterStartup = VaultSettings.DEFAULT_UNLOCK_AFTER_STARTUP;
@@ -54,7 +54,7 @@ class VaultSettingsJsonAdapter {
 			switch (name) {
 				case "id" -> id = in.nextString();
 				case "path" -> path = in.nextString();
-				case "mountName" -> mountName = in.nextString();
+				case "mountName" -> displayName = in.nextString(); //YES, this is correct (legacy reasons)
 				case "winDriveLetter" -> winDriveLetter = in.nextString();
 				case "unlockAfterStartup" -> unlockAfterStartup = in.nextBoolean();
 				case "revealAfterMount" -> revealAfterMount = in.nextBoolean();
@@ -73,7 +73,7 @@ class VaultSettingsJsonAdapter {
 		in.endObject();
 
 		VaultSettings vaultSettings = (id == null) ? VaultSettings.withRandomId() : new VaultSettings(id);
-		vaultSettings.displayName().set(mountName);
+		vaultSettings.displayName().set(displayName);
 		vaultSettings.path().set(Paths.get(path));
 		vaultSettings.winDriveLetter().set(winDriveLetter);
 		vaultSettings.unlockAfterStartup().set(unlockAfterStartup);
diff --git a/main/commons/src/main/java/org/cryptomator/common/vaults/VaultListManager.java b/main/commons/src/main/java/org/cryptomator/common/vaults/VaultListManager.java
index 75a48c6fc..85309c0dc 100644
--- a/main/commons/src/main/java/org/cryptomator/common/vaults/VaultListManager.java
+++ b/main/commons/src/main/java/org/cryptomator/common/vaults/VaultListManager.java
@@ -20,11 +20,11 @@ import org.slf4j.LoggerFactory;
 import javax.inject.Inject;
 import javax.inject.Singleton;
 import java.io.IOException;
-import java.nio.file.Files;
 import java.nio.file.NoSuchFileException;
 import java.nio.file.Path;
 import java.util.Collection;
 import java.util.Optional;
+import java.util.ResourceBundle;
 import java.util.stream.Collectors;
 
 import static org.cryptomator.common.Constants.MASTERKEY_FILENAME;
@@ -35,11 +35,13 @@ public class VaultListManager {
 	private static final Logger LOG = LoggerFactory.getLogger(VaultListManager.class);
 
 	private final VaultComponent.Builder vaultComponentBuilder;
+	private final ResourceBundle resourceBundle;
 	private final ObservableList<Vault> vaultList;
 
 	@Inject
-	public VaultListManager(VaultComponent.Builder vaultComponentBuilder, Settings settings) {
+	public VaultListManager(VaultComponent.Builder vaultComponentBuilder, ResourceBundle resourceBundle, Settings settings) {
 		this.vaultComponentBuilder = vaultComponentBuilder;
+		this.resourceBundle = resourceBundle;
 		this.vaultList = FXCollections.observableArrayList(Vault::observables);
 
 		addAll(settings.getDirectories());
@@ -59,14 +61,23 @@ public class VaultListManager {
 		if (alreadyExistingVault.isPresent()) {
 			return alreadyExistingVault.get();
 		} else {
-			VaultSettings vaultSettings = VaultSettings.withRandomId();
-			vaultSettings.path().set(normalizedPathToVault);
-			Vault newVault = create(vaultSettings);
+			Vault newVault = create(newVaultSettings(normalizedPathToVault));
 			vaultList.add(newVault);
 			return newVault;
 		}
 	}
 
+	private VaultSettings newVaultSettings(Path path) {
+		VaultSettings vaultSettings = VaultSettings.withRandomId();
+		vaultSettings.path().set(path);
+		if (path.getFileName() != null) {
+			vaultSettings.displayName().set(path.getFileName().toString());
+		} else {
+			vaultSettings.displayName().set(resourceBundle.getString("defaults.vault.vaultName"));
+		}
+		return vaultSettings;
+	}
+
 	private void addAll(Collection<VaultSettings> vaultSettings) {
 		Collection<Vault> vaults = vaultSettings.stream().map(this::create).collect(Collectors.toList());
 		vaultList.addAll(vaults);
@@ -92,7 +103,7 @@ public class VaultListManager {
 		}
 		return compBuilder.build().vault();
 	}
-	
+
 	public static VaultState redetermineVaultState(Vault vault) {
 		VaultState previousState = vault.getState();
 		return switch (previousState) {
diff --git a/main/ui/src/main/resources/i18n/strings.properties b/main/ui/src/main/resources/i18n/strings.properties
index d077d71b3..9a1a54c9f 100644
--- a/main/ui/src/main/resources/i18n/strings.properties
+++ b/main/ui/src/main/resources/i18n/strings.properties
@@ -17,6 +17,9 @@ generic.button.print=Print
 generic.error.title=An unexpected error occured
 generic.error.instruction=This should not have happened. Please report the error text below and include a description of what steps did lead to this error.
 
+# Defaults
+defaults.vault.vaultName=Vault
+
 # Tray Menu
 traymenu.showMainWindow=Show
 traymenu.showPreferencesWindow=Preferences