diff --git a/.github/workflows/tests-rc.yaml b/.github/workflows/tests-rc.yaml
index 83c8ddc2..47cb462d 100644
--- a/.github/workflows/tests-rc.yaml
+++ b/.github/workflows/tests-rc.yaml
@@ -58,11 +58,11 @@ jobs:
 
       - name: Deposit to chequebook
         run: |
-          swarm-cli cheque deposit 100000000000000000
-          swarm-cli cheque deposit 100000000000000000 --bee-api-url http://localhost:11633
-          swarm-cli cheque deposit 100000000000000000 --bee-api-url http://localhost:21633
-          swarm-cli cheque deposit 100000000000000000 --bee-api-url http://localhost:31633
-          swarm-cli cheque deposit 100000000000000000 --bee-api-url http://localhost:41633
+          swarm-cli cheque deposit 10
+          swarm-cli cheque deposit 10 --bee-api-url http://localhost:11633
+          swarm-cli cheque deposit 10 --bee-api-url http://localhost:21633
+          swarm-cli cheque deposit 10 --bee-api-url http://localhost:31633
+          swarm-cli cheque deposit 10 --bee-api-url http://localhost:41633
 
       - name: Print swarm-cli status
         continue-on-error: true
diff --git a/.github/workflows/tests.yaml b/.github/workflows/tests.yaml
index e752252a..7e8863bc 100644
--- a/.github/workflows/tests.yaml
+++ b/.github/workflows/tests.yaml
@@ -42,11 +42,11 @@ jobs:
 
       - name: Deposit to chequebook
         run: |
-          swarm-cli cheque deposit 100000000000000000
-          swarm-cli cheque deposit 100000000000000000 --bee-api-url http://localhost:11633
-          swarm-cli cheque deposit 100000000000000000 --bee-api-url http://localhost:21633
-          swarm-cli cheque deposit 100000000000000000 --bee-api-url http://localhost:31633
-          swarm-cli cheque deposit 100000000000000000 --bee-api-url http://localhost:41633
+          swarm-cli cheque deposit 10
+          swarm-cli cheque deposit 10 --bee-api-url http://localhost:11633
+          swarm-cli cheque deposit 10 --bee-api-url http://localhost:21633
+          swarm-cli cheque deposit 10 --bee-api-url http://localhost:31633
+          swarm-cli cheque deposit 10 --bee-api-url http://localhost:41633
 
       - name: Print swarm-cli status
         continue-on-error: true
diff --git a/jest.config.ts b/jest.config.ts
index b6be5d57..136fdd76 100644
--- a/jest.config.ts
+++ b/jest.config.ts
@@ -17,6 +17,8 @@ export default async (): Promise<Config.InitialOptions> => {
    */
   const console = new CommandLog(VerbosityLevel.Normal)
 
+  process.env.SKIP_VERSION_CHECK = 'true'
+
   if (!process.env.SKIP_WORKER) {
     process.env.WORKER_PSS_ADDRESS = (await getPssAddress('http://localhost:11633')).toCompressedHex()
   }
diff --git a/src/command/root-command/command-config.ts b/src/command/root-command/command-config.ts
index afd9ea5e..4b66619f 100644
--- a/src/command/root-command/command-config.ts
+++ b/src/command/root-command/command-config.ts
@@ -58,6 +58,10 @@ export class CommandConfig {
     return process.env.SWARM_CLI_HISTORY_FILE_PATH || join(this.configFolderPath, 'upload-history.json')
   }
 
+  public getVersionCheckFilePath(): string {
+    return process.env.SWARM_CLI_VERSION_CHECK_FILE_PATH || join(this.configFolderPath, 'version-check.json')
+  }
+
   public setHistoryEnabled(enabled: boolean): void {
     this.config.historyEnabled = enabled
     this.saveConfig()
diff --git a/src/command/root-command/index.ts b/src/command/root-command/index.ts
index 11f62adf..0449af6a 100644
--- a/src/command/root-command/index.ts
+++ b/src/command/root-command/index.ts
@@ -6,6 +6,9 @@ import { parseHeaders } from '../../utils'
 import { ConfigOption } from '../../utils/types/config-option'
 import { CONFIG_OPTIONS, CommandConfig } from './command-config'
 import { CommandLog, VerbosityLevel } from './command-log'
+import { checkForUpdates, getLatestVersionCheck } from '../../service/version_checker'
+import PackageJson from '../../../package.json'
+import { warningText } from '../../utils/text'
 
 export class RootCommand {
   @ExternalOption('bee-api-url')
@@ -79,6 +82,20 @@ export class RootCommand {
       this.verbosity = VerbosityLevel.Verbose
     }
     this.console = new CommandLog(this.verbosity)
+
+    if (!this.quiet) {
+      const latestVersionCheck = getLatestVersionCheck(this.commandConfig)
+
+      if (latestVersionCheck === null) {
+        checkForUpdates(this.commandConfig)
+      } else if (latestVersionCheck.latestVersion !== PackageJson.version) {
+        this.console.log(
+          warningText(
+            `A new version of swarm-cli is available: ${latestVersionCheck.latestVersion}. You are using version ${PackageJson.version}. Please update to get the latest features and fixes.`,
+          ),
+        )
+      }
+    }
   }
 
   private maybeSetFromConfig(option: ConfigOption): void {
diff --git a/src/service/version_checker.ts b/src/service/version_checker.ts
new file mode 100644
index 00000000..24b8deaa
--- /dev/null
+++ b/src/service/version_checker.ts
@@ -0,0 +1,64 @@
+import { existsSync, readFileSync, writeFileSync } from 'fs'
+import PackageJson from '../../package.json'
+import { CommandConfig } from '../command/root-command/command-config'
+import fetch from 'node-fetch'
+import { Dates } from 'cafe-utility'
+
+const LATEST_RELEASE_URL = 'https://api.github.com/repos/ethersphere/swarm-cli/releases/latest'
+
+type VersionCheckData = {
+  latestVersion: string
+  expiresAt: number
+}
+
+export async function checkForUpdates(config: CommandConfig) {
+  if (process.env.SKIP_VERSION_CHECK === 'true') {
+    return
+  }
+
+  const filePath = config.getVersionCheckFilePath()
+
+  try {
+    const response = await fetch(LATEST_RELEASE_URL)
+
+    if (!response.ok) {
+      return
+    }
+
+    const data = (await response.json()) as { tag_name: string }
+    const latestVersion = data.tag_name.replace(/^v/, '')
+    const versionCheckData = {
+      latestVersion,
+      expiresAt: Date.now() + Dates.days(1),
+    }
+
+    if (latestVersion !== PackageJson.version) {
+      writeFileSync(filePath, JSON.stringify(versionCheckData))
+    }
+  } catch {
+    return
+  }
+}
+
+export function getLatestVersionCheck(config: CommandConfig): VersionCheckData | null {
+  const filePath = config.getVersionCheckFilePath()
+
+  if (!existsSync(filePath)) {
+    return null
+  }
+
+  try {
+    const data = JSON.parse(readFileSync(filePath).toString()) as VersionCheckData
+
+    if (Date.now() > data.expiresAt) {
+      return null
+    }
+
+    return {
+      latestVersion: data.latestVersion,
+      expiresAt: data.expiresAt,
+    }
+  } catch {
+    return null
+  }
+}
diff --git a/test/command/version-warning.spec.ts b/test/command/version-warning.spec.ts
new file mode 100644
index 00000000..0198dfff
--- /dev/null
+++ b/test/command/version-warning.spec.ts
@@ -0,0 +1,30 @@
+import fetch, { Response } from 'node-fetch'
+import PackageJson from '../../package.json'
+import { describeCommand, invokeTestCli } from '../utility'
+import { existsSync, unlinkSync } from 'fs'
+
+jest.mock('node-fetch')
+const mockedFetch = fetch as jest.MockedFunction<typeof fetch>
+
+describeCommand('Test Outdated Version Warning', ({ hasMessageContaining }) => {
+  afterEach(() => {
+    if (existsSync('./test/testconfig/version-check.json')) {
+      unlinkSync('./test/testconfig/version-check.json')
+    }
+  })
+  it('should print warning when version is outdated', async () => {
+    process.env.SKIP_VERSION_CHECK = 'false'
+    mockedFetch.mockResolvedValue({
+      ok: true,
+      json: () => Promise.resolve({ tag_name: 'v999.0.0' }),
+    } as unknown as Response)
+    await invokeTestCli(['status'])
+    await invokeTestCli(['status'])
+    expect(
+      hasMessageContaining(
+        `A new version of swarm-cli is available: 999.0.0. You are using version ${PackageJson.version}. Please update to get the latest features and fixes.`,
+      ),
+    ).toBe(true)
+    process.env.SKIP_VERSION_CHECK = 'true'
+  })
+})
diff --git a/test/coverage/coverage-summary.json b/test/coverage/coverage-summary.json
index ed815663..48b3729b 100644
--- a/test/coverage/coverage-summary.json
+++ b/test/coverage/coverage-summary.json
@@ -1,4 +1,4 @@
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+{"total": {"lines":{"total":2902,"covered":2221,"skipped":0,"pct":76.53},"statements":{"total":2923,"covered":2235,"skipped":0,"pct":76.46},"functions":{"total":346,"covered":274,"skipped":0,"pct":79.19},"branches":{"total":632,"covered":361,"skipped":0,"pct":57.12},"branchesTrue":{"total":0,"covered":0,"skipped":0,"pct":100}}
 ,"/home/runner/work/swarm-cli/swarm-cli/src/application.ts": {"lines":{"total":2,"covered":0,"skipped":0,"pct":0},"functions":{"total":0,"covered":0,"skipped":0,"pct":100},"statements":{"total":2,"covered":0,"skipped":0,"pct":0},"branches":{"total":0,"covered":0,"skipped":0,"pct":100}}
 ,"/home/runner/work/swarm-cli/swarm-cli/src/config.ts": {"lines":{"total":33,"covered":32,"skipped":0,"pct":96.96},"functions":{"total":1,"covered":0,"skipped":0,"pct":0},"statements":{"total":33,"covered":32,"skipped":0,"pct":96.96},"branches":{"total":0,"covered":0,"skipped":0,"pct":100}}
 ,"/home/runner/work/swarm-cli/swarm-cli/src/curl.ts": {"lines":{"total":24,"covered":24,"skipped":0,"pct":100},"functions":{"total":7,"covered":7,"skipped":0,"pct":100},"statements":{"total":25,"covered":25,"skipped":0,"pct":100},"branches":{"total":13,"covered":12,"skipped":0,"pct":92.3}}
@@ -63,9 +63,9 @@
 ,"/home/runner/work/swarm-cli/swarm-cli/src/command/pss/receive.ts": {"lines":{"total":24,"covered":18,"skipped":0,"pct":75},"functions":{"total":2,"covered":2,"skipped":0,"pct":100},"statements":{"total":24,"covered":18,"skipped":0,"pct":75},"branches":{"total":6,"covered":2,"skipped":0,"pct":33.33}}
 ,"/home/runner/work/swarm-cli/swarm-cli/src/command/pss/send.ts": {"lines":{"total":34,"covered":29,"skipped":0,"pct":85.29},"functions":{"total":2,"covered":2,"skipped":0,"pct":100},"statements":{"total":34,"covered":29,"skipped":0,"pct":85.29},"branches":{"total":5,"covered":2,"skipped":0,"pct":40}}
 ,"/home/runner/work/swarm-cli/swarm-cli/src/command/pss/subscribe.ts": {"lines":{"total":18,"covered":8,"skipped":0,"pct":44.44},"functions":{"total":5,"covered":1,"skipped":0,"pct":20},"statements":{"total":18,"covered":8,"skipped":0,"pct":44.44},"branches":{"total":4,"covered":0,"skipped":0,"pct":0}}
-,"/home/runner/work/swarm-cli/swarm-cli/src/command/root-command/command-config.ts": {"lines":{"total":39,"covered":33,"skipped":0,"pct":84.61},"functions":{"total":8,"covered":8,"skipped":0,"pct":100},"statements":{"total":42,"covered":35,"skipped":0,"pct":83.33},"branches":{"total":11,"covered":6,"skipped":0,"pct":54.54}}
+,"/home/runner/work/swarm-cli/swarm-cli/src/command/root-command/command-config.ts": {"lines":{"total":40,"covered":34,"skipped":0,"pct":85},"functions":{"total":9,"covered":9,"skipped":0,"pct":100},"statements":{"total":43,"covered":36,"skipped":0,"pct":83.72},"branches":{"total":13,"covered":7,"skipped":0,"pct":53.84}}
 ,"/home/runner/work/swarm-cli/swarm-cli/src/command/root-command/command-log.ts": {"lines":{"total":78,"covered":60,"skipped":0,"pct":76.92},"functions":{"total":9,"covered":6,"skipped":0,"pct":66.66},"statements":{"total":78,"covered":60,"skipped":0,"pct":76.92},"branches":{"total":11,"covered":7,"skipped":0,"pct":63.63}}
-,"/home/runner/work/swarm-cli/swarm-cli/src/command/root-command/index.ts": {"lines":{"total":44,"covered":40,"skipped":0,"pct":90.9},"functions":{"total":4,"covered":4,"skipped":0,"pct":100},"statements":{"total":44,"covered":40,"skipped":0,"pct":90.9},"branches":{"total":9,"covered":5,"skipped":0,"pct":55.55}}
+,"/home/runner/work/swarm-cli/swarm-cli/src/command/root-command/index.ts": {"lines":{"total":53,"covered":49,"skipped":0,"pct":92.45},"functions":{"total":4,"covered":4,"skipped":0,"pct":100},"statements":{"total":53,"covered":49,"skipped":0,"pct":92.45},"branches":{"total":13,"covered":9,"skipped":0,"pct":69.23}}
 ,"/home/runner/work/swarm-cli/swarm-cli/src/command/root-command/printer.ts": {"lines":{"total":9,"covered":9,"skipped":0,"pct":100},"functions":{"total":6,"covered":6,"skipped":0,"pct":100},"statements":{"total":9,"covered":9,"skipped":0,"pct":100},"branches":{"total":1,"covered":1,"skipped":0,"pct":100}}
 ,"/home/runner/work/swarm-cli/swarm-cli/src/command/stake/deposit.ts": {"lines":{"total":40,"covered":31,"skipped":0,"pct":77.5},"functions":{"total":3,"covered":3,"skipped":0,"pct":100},"statements":{"total":40,"covered":31,"skipped":0,"pct":77.5},"branches":{"total":17,"covered":11,"skipped":0,"pct":64.7}}
 ,"/home/runner/work/swarm-cli/swarm-cli/src/command/stake/index.ts": {"lines":{"total":8,"covered":8,"skipped":0,"pct":100},"functions":{"total":1,"covered":1,"skipped":0,"pct":100},"statements":{"total":8,"covered":8,"skipped":0,"pct":100},"branches":{"total":0,"covered":0,"skipped":0,"pct":100}}
@@ -92,6 +92,7 @@
 ,"/home/runner/work/swarm-cli/swarm-cli/src/command/wallet/status.ts": {"lines":{"total":11,"covered":11,"skipped":0,"pct":100},"functions":{"total":2,"covered":2,"skipped":0,"pct":100},"statements":{"total":11,"covered":11,"skipped":0,"pct":100},"branches":{"total":0,"covered":0,"skipped":0,"pct":100}}
 ,"/home/runner/work/swarm-cli/swarm-cli/src/command/wallet/withdraw-bzz.ts": {"lines":{"total":21,"covered":19,"skipped":0,"pct":90.47},"functions":{"total":2,"covered":2,"skipped":0,"pct":100},"statements":{"total":21,"covered":19,"skipped":0,"pct":90.47},"branches":{"total":6,"covered":3,"skipped":0,"pct":50}}
 ,"/home/runner/work/swarm-cli/swarm-cli/src/command/wallet/withdraw-dai.ts": {"lines":{"total":21,"covered":19,"skipped":0,"pct":90.47},"functions":{"total":2,"covered":2,"skipped":0,"pct":100},"statements":{"total":21,"covered":19,"skipped":0,"pct":90.47},"branches":{"total":6,"covered":3,"skipped":0,"pct":50}}
+,"/home/runner/work/swarm-cli/swarm-cli/src/service/version_checker.ts": {"lines":{"total":29,"covered":25,"skipped":0,"pct":86.2},"functions":{"total":2,"covered":2,"skipped":0,"pct":100},"statements":{"total":29,"covered":25,"skipped":0,"pct":86.2},"branches":{"total":5,"covered":3,"skipped":0,"pct":60}}
 ,"/home/runner/work/swarm-cli/swarm-cli/src/service/history/index.ts": {"lines":{"total":21,"covered":19,"skipped":0,"pct":90.47},"functions":{"total":5,"covered":5,"skipped":0,"pct":100},"statements":{"total":22,"covered":20,"skipped":0,"pct":90.9},"branches":{"total":1,"covered":1,"skipped":0,"pct":100}}
 ,"/home/runner/work/swarm-cli/swarm-cli/src/service/identity/index.ts": {"lines":{"total":36,"covered":32,"skipped":0,"pct":88.88},"functions":{"total":7,"covered":7,"skipped":0,"pct":100},"statements":{"total":36,"covered":32,"skipped":0,"pct":88.88},"branches":{"total":9,"covered":6,"skipped":0,"pct":66.66}}
 ,"/home/runner/work/swarm-cli/swarm-cli/src/service/identity/types/identity.ts": {"lines":{"total":4,"covered":4,"skipped":0,"pct":100},"functions":{"total":1,"covered":1,"skipped":0,"pct":100},"statements":{"total":4,"covered":4,"skipped":0,"pct":100},"branches":{"total":2,"covered":2,"skipped":0,"pct":100}}
diff --git a/test/utility/index.ts b/test/utility/index.ts
index 84847640..e96e5d9d 100644
--- a/test/utility/index.ts
+++ b/test/utility/index.ts
@@ -77,6 +77,7 @@ export function describeCommand(
       configFileName ? `${configFileName}-upload-history.json` : 'upload-history.json',
     )
     process.env.SWARM_CLI_HISTORY_FILE_PATH = historyFilePath
+    process.env.SWARM_CLI_VERSION_CHECK_FILE_PATH = join(configFolderPath, 'version-check.json')
 
     //if own config is needed
     if (configFileName) {