diff --git a/packages/web3-eth/test/unit/utils/wait_for_transaction_receipt.test.ts b/packages/web3-eth/test/unit/utils/wait_for_transaction_receipt.test.ts
new file mode 100644
index 00000000000..8b70dcdd3b2
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+++ b/packages/web3-eth/test/unit/utils/wait_for_transaction_receipt.test.ts
@@ -0,0 +1,126 @@
+/*
+This file is part of web3.js.
+
+web3.js is free software: you can redistribute it and/or modify
+it under the terms of the GNU Lesser General Public License as published by
+the Free Software Foundation, either version 3 of the License, or
+(at your option) any later version.
+
+web3.js is distributed in the hope that it will be useful,
+but WITHOUT ANY WARRANTY; without even the implied warranty of
+MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE.  See the
+GNU Lesser General Public License for more details.
+
+You should have received a copy of the GNU Lesser General Public License
+along with web3.js.  If not, see <http://www.gnu.org/licenses/>.
+*/
+import { Web3Context } from 'web3-core';
+import { DEFAULT_RETURN_FORMAT, Web3EthExecutionAPI } from 'web3-types';
+import { TransactionBlockTimeoutError } from 'web3-errors';
+import { waitForTransactionReceipt } from '../../../src/utils/wait_for_transaction_receipt';
+
+describe('waitForTransactionReceipt unit test', () => {
+	let web3Context: Web3Context<Web3EthExecutionAPI>;
+
+	it(`waitForTransactionReceipt should throw error after block timeout`, async () => {
+		let blockNum = 1;
+
+		web3Context = new Web3Context(
+			{
+				request: async (payload: any) => {
+					let response: { jsonrpc: string; id: any; result: string } | undefined;
+
+					switch (payload.method) {
+						case 'eth_blockNumber':
+							blockNum += 50;
+							response = {
+								jsonrpc: '2.0',
+								id: payload.id,
+								result: `0x${blockNum.toString(16)}`,
+							};
+							break;
+
+						case 'eth_getTransactionReceipt':
+							response = undefined;
+							break;
+
+						default:
+							throw new Error(`Unknown payload ${payload}`);
+					}
+
+					return new Promise(resolve => {
+						resolve(response as any);
+					});
+				},
+				supportsSubscriptions: () => false,
+			},
+		);
+
+		await expect(async () =>
+			waitForTransactionReceipt(
+				web3Context,
+				'0x0430b701e657e634a9d5480eae0387a473913ef29af8e60c38a3cee24494ed54',
+				DEFAULT_RETURN_FORMAT
+			)
+		).rejects.toThrow(TransactionBlockTimeoutError);
+
+	});
+
+	it(`waitForTransactionReceipt should resolve immediatly if receipt is avalible`, async () => {
+		let blockNum = 1;
+		const txHash = '0x85d995eba9763907fdf35cd2034144dd9d53ce32cbec21349d4b12823c6860c5';
+		const blockHash = '0xa957d47df264a31badc3ae823e10ac1d444b098d9b73d204c40426e57f47e8c3';
+
+		web3Context = new Web3Context(
+			{
+				request: async (payload: any) => {
+					const response = {
+						jsonrpc: '2.0',
+						id: payload.id,
+						result: {},
+					};
+
+					switch (payload.method) {
+						case 'eth_blockNumber':
+							blockNum += 10;
+							response.result = `0x${blockNum.toString(16)}`;
+							break;
+
+						case 'eth_getTransactionReceipt':
+							response.result = {
+								blockHash,
+								blockNumber: `0x1`,
+								cumulativeGasUsed: '0xa12515',
+								from: payload.from,
+								gasUsed: payload.gasLimit,
+								status: '0x1',
+								to: payload.to,
+								transactionHash: txHash,
+								transactionIndex: '0x66',
+
+							};
+							break;
+
+						default:
+							throw new Error(`Unknown payload ${payload}`);
+					}
+
+					return new Promise(resolve => {
+						resolve(response as any);
+					});
+				},
+				supportsSubscriptions: () => false,
+			},
+		);
+
+		const res = await waitForTransactionReceipt(
+			web3Context,
+			'0x0430b701e657e634a9d5480eae0387a473913ef29af8e60c38a3cee24494ed54',
+			DEFAULT_RETURN_FORMAT
+		);
+
+		expect(res).toBeDefined();
+		expect(res.transactionHash).toStrictEqual(txHash);
+		expect(res.blockHash).toStrictEqual(blockHash);
+	});
+})
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