diff --git a/modules/apps/27-interchain-accounts/controller/keeper/keeper.go b/modules/apps/27-interchain-accounts/controller/keeper/keeper.go
index 7216ccb7fa8..87af9ae9c6f 100644
--- a/modules/apps/27-interchain-accounts/controller/keeper/keeper.go
+++ b/modules/apps/27-interchain-accounts/controller/keeper/keeper.go
@@ -167,7 +167,7 @@ func (k Keeper) IsActiveChannel(ctx sdk.Context, connectionID, portID string) bo
 // GetInterchainAccountAddress retrieves the InterchainAccount address from the store associated with the provided connectionID and portID
 func (k Keeper) GetInterchainAccountAddress(ctx sdk.Context, connectionID, portID string) (string, bool) {
 	store := ctx.KVStore(k.storeKey)
-	key := icatypes.KeyOwnerAccount(connectionID, portID)
+	key := icatypes.KeyOwnerAccount(portID, connectionID)
 
 	if !store.Has(key) {
 		return "", false
@@ -186,8 +186,8 @@ func (k Keeper) GetAllInterchainAccounts(ctx sdk.Context) []icatypes.RegisteredI
 		keySplit := strings.Split(string(iterator.Key()), "/")
 
 		acc := icatypes.RegisteredInterchainAccount{
-			ConnectionId:   keySplit[1],
-			PortId:         keySplit[2],
+			ConnectionId:   keySplit[2],
+			PortId:         keySplit[1],
 			AccountAddress: string(iterator.Value()),
 		}
 
@@ -200,5 +200,5 @@ func (k Keeper) GetAllInterchainAccounts(ctx sdk.Context) []icatypes.RegisteredI
 // SetInterchainAccountAddress stores the InterchainAccount address, keyed by the associated connectionID and portID
 func (k Keeper) SetInterchainAccountAddress(ctx sdk.Context, connectionID, portID, address string) {
 	store := ctx.KVStore(k.storeKey)
-	store.Set(icatypes.KeyOwnerAccount(connectionID, portID), []byte(address))
+	store.Set(icatypes.KeyOwnerAccount(portID, connectionID), []byte(address))
 }
diff --git a/modules/apps/27-interchain-accounts/host/keeper/keeper.go b/modules/apps/27-interchain-accounts/host/keeper/keeper.go
index 181153a0fb5..ea3f8205c87 100644
--- a/modules/apps/27-interchain-accounts/host/keeper/keeper.go
+++ b/modules/apps/27-interchain-accounts/host/keeper/keeper.go
@@ -156,7 +156,7 @@ func (k Keeper) IsActiveChannel(ctx sdk.Context, connectionID, portID string) bo
 // GetInterchainAccountAddress retrieves the InterchainAccount address from the store associated with the provided connectionID and portID
 func (k Keeper) GetInterchainAccountAddress(ctx sdk.Context, connectionID, portID string) (string, bool) {
 	store := ctx.KVStore(k.storeKey)
-	key := icatypes.KeyOwnerAccount(connectionID, portID)
+	key := icatypes.KeyOwnerAccount(portID, connectionID)
 
 	if !store.Has(key) {
 		return "", false
@@ -175,8 +175,8 @@ func (k Keeper) GetAllInterchainAccounts(ctx sdk.Context) []icatypes.RegisteredI
 		keySplit := strings.Split(string(iterator.Key()), "/")
 
 		acc := icatypes.RegisteredInterchainAccount{
-			ConnectionId:   keySplit[1],
-			PortId:         keySplit[2],
+			ConnectionId:   keySplit[2],
+			PortId:         keySplit[1],
 			AccountAddress: string(iterator.Value()),
 		}
 
@@ -189,5 +189,5 @@ func (k Keeper) GetAllInterchainAccounts(ctx sdk.Context) []icatypes.RegisteredI
 // SetInterchainAccountAddress stores the InterchainAccount address, keyed by the associated connectionID and portID
 func (k Keeper) SetInterchainAccountAddress(ctx sdk.Context, connectionID, portID, address string) {
 	store := ctx.KVStore(k.storeKey)
-	store.Set(icatypes.KeyOwnerAccount(connectionID, portID), []byte(address))
+	store.Set(icatypes.KeyOwnerAccount(portID, connectionID), []byte(address))
 }
diff --git a/modules/apps/27-interchain-accounts/types/keys.go b/modules/apps/27-interchain-accounts/types/keys.go
index c2bde682551..2bf05ffda3f 100644
--- a/modules/apps/27-interchain-accounts/types/keys.go
+++ b/modules/apps/27-interchain-accounts/types/keys.go
@@ -44,8 +44,8 @@ func KeyActiveChannel(portID, connectionID string) []byte {
 }
 
 // KeyOwnerAccount creates and returns a new key used for interchain account store operations
-func KeyOwnerAccount(connectionID, portID string) []byte {
-	return []byte(fmt.Sprintf("%s/%s/%s", OwnerKeyPrefix, connectionID, portID))
+func KeyOwnerAccount(portID, connectionID string) []byte {
+	return []byte(fmt.Sprintf("%s/%s/%s", OwnerKeyPrefix, portID, connectionID))
 }
 
 // KeyPort creates and returns a new key used for port store operations
diff --git a/modules/apps/27-interchain-accounts/types/keys_test.go b/modules/apps/27-interchain-accounts/types/keys_test.go
index 02da485bf32..94c7a3bed0d 100644
--- a/modules/apps/27-interchain-accounts/types/keys_test.go
+++ b/modules/apps/27-interchain-accounts/types/keys_test.go
@@ -10,6 +10,6 @@ func (suite *TypesTestSuite) TestKeyActiveChannel() {
 }
 
 func (suite *TypesTestSuite) TestKeyOwnerAccount() {
-	key := types.KeyOwnerAccount("connection-id", "port-id")
-	suite.Require().Equal("owner/connection-id/port-id", string(key))
+	key := types.KeyOwnerAccount("port-id", "connection-id")
+	suite.Require().Equal("owner/port-id/connection-id", string(key))
 }