diff --git a/charts/paperlessngx-ftp-bridge/Chart.yaml b/charts/paperlessngx-ftp-bridge/Chart.yaml
index bd492c1..a5dbb67 100644
--- a/charts/paperlessngx-ftp-bridge/Chart.yaml
+++ b/charts/paperlessngx-ftp-bridge/Chart.yaml
@@ -15,7 +15,7 @@ sources:
   - https://github.com/taskmedia/helm
 icon: https://media.task.media/images/logo.png
 type: application
-version: 2.0.2
+version: 2.0.3
 # app image tag (v<appVersion>); bumped manually when the bridge repo releases
 appVersion: "2.1.1"
 
@@ -30,5 +30,5 @@ annotations:
     - name: paperlessngx-ftp-bridge
       image: ghcr.io/taskmedia/paperlessngx-ftp-bridge-image:v2.1.1
   artifacthub.io/changes: |
-    - kind: changed
-      description: Add Artifact Hub metadata (category, links, images)
+    - kind: fixed
+      description: Only create the Secret when an inline password is configured
diff --git a/charts/paperlessngx-ftp-bridge/templates/secrets.yaml b/charts/paperlessngx-ftp-bridge/templates/secrets.yaml
index 756c12a..870134b 100644
--- a/charts/paperlessngx-ftp-bridge/templates/secrets.yaml
+++ b/charts/paperlessngx-ftp-bridge/templates/secrets.yaml
@@ -1,14 +1,21 @@
+{{- $data := dict }}
+{{- range $i, $account := .Values.ftp.accounts }}
+{{- $existingSecret := $account.passwordExistingSecret | default dict }}
+{{- if and $account.password (not $existingSecret.name) }}
+{{- $_ := set $data (printf "ftp-account-%d-password" $i) $account.password }}
+{{- end }}
+{{- end }}
+{{- if and .Values.paperless.password (not .Values.paperless.passwordExistingSecret.name) }}
+{{- $_ := set $data "paperless-password" .Values.paperless.password }}
+{{- end }}
+{{- if $data }}
 apiVersion: v1
 kind: Secret
 metadata:
   name: "{{ include "plngxftpbridge.fullname" . }}"
 type: Opaque
 stringData:
-  {{- range $i, $account := .Values.ftp.accounts }}
-  {{- if $account.password }}
-  ftp-account-{{ $i }}-password: {{ $account.password | quote }}
-  {{- end }}
-  {{- end }}
-  {{- if .Values.paperless.password }}
-  paperless-password: {{ .Values.paperless.password | quote }}
+  {{- range $key, $value := $data }}
+  {{ $key }}: {{ $value | quote }}
   {{- end }}
+{{- end }}