diff --git a/src/libs/ReportUtils.js b/src/libs/ReportUtils.js
index 982f82dac8ad..85af7984fd58 100644
--- a/src/libs/ReportUtils.js
+++ b/src/libs/ReportUtils.js
@@ -1223,14 +1223,12 @@ function getReportPreviewMessage(report, reportAction = {}) {
         return Localize.translateLocal(translatePhraseKey, {amount: formattedAmount});
     }
 
-    if (report.hasOutstandingIOU) {
-        return Localize.translateLocal('iou.payerOwesAmount', {payer: payerName, amount: formattedAmount});
-    }
-
     if (report.isWaitingOnBankAccount) {
         const submitterDisplayName = getDisplayNameForParticipant(report.ownerAccountID, true);
         return Localize.translateLocal('iou.waitingOnBankAccount', {submitterDisplayName});
     }
+
+    return Localize.translateLocal('iou.payerOwesAmount', {payer: payerName, amount: formattedAmount});
 }
 
 /**