diff --git a/src/components/KYCWall/BaseKYCWall.tsx b/src/components/KYCWall/BaseKYCWall.tsx
index 06e5fc2bcaa67..70e5bcab42297 100644
--- a/src/components/KYCWall/BaseKYCWall.tsx
+++ b/src/components/KYCWall/BaseKYCWall.tsx
@@ -228,7 +228,7 @@ function KYCWall({
                 }
 
                 // eslint-disable-next-line @typescript-eslint/prefer-nullish-coalescing
-                if (paymentMethod || policy) {
+                if ((paymentMethod || policy) && !hasActivatedWallet) {
                     setShouldShowAddPaymentMenu(false);
                     selectPaymentMethod(paymentMethod, policy);
                     return;
diff --git a/src/components/SettlementButton/index.tsx b/src/components/SettlementButton/index.tsx
index 96e26966ee879..36f05a780dd4f 100644
--- a/src/components/SettlementButton/index.tsx
+++ b/src/components/SettlementButton/index.tsx
@@ -123,7 +123,7 @@ function SettlementButton({
     const hasMultiplePolicies = !isExpenseReport && activeAdminPolicies.length > 1;
     const lastPaymentMethodRef = useRef(lastPaymentMethod);
     const formattedPaymentMethods = formatPaymentMethods(bankAccountList, fundList, styles);
-    const hasIntentToPay = formattedPaymentMethods.length === 1 && !lastPaymentMethod;
+    const hasIntentToPay = ((formattedPaymentMethods.length === 1 && isIOUReport(iouReport)) || !!policy?.achAccount) && !lastPaymentMethod;
 
     useEffect(() => {
         if (isLoadingLastPaymentMethod) {
@@ -262,7 +262,7 @@ function SettlementButton({
             if (personalBankAccountList.length && canUsePersonalBankAccount) {
                 buttonOptions.push({
                     text: translate('iou.settleWallet', {formattedAmount: ''}),
-                    value: CONST.PAYMENT_METHODS.BUSINESS_BANK_ACCOUNT,
+                    value: CONST.PAYMENT_METHODS.PERSONAL_BANK_ACCOUNT,
                     icon: Expensicons.Wallet,
                 });
             } else if (canUsePersonalBankAccount) {
@@ -293,7 +293,7 @@ function SettlementButton({
             activeAdminPolicies.forEach((activePolicy) => {
                 const policyName = activePolicy.name;
                 buttonOptions.push({
-                    text: translate('iou.payWithPolicy', {policyName: truncate(policyName, {length: 20}), formattedAmount: ''}),
+                    text: translate('iou.payWithPolicy', {policyName: truncate(policyName, {length: CONST.ADDITIONAL_ALLOWED_CHARACTERS}), formattedAmount: ''}),
                     icon: Expensicons.Building,
                     value: activePolicy.id,
                     shouldUpdateSelectedIndex: false,
@@ -535,7 +535,7 @@ function SettlementButton({
     };
 
     const customText = getCustomText();
-    const secondaryText = getSecondaryText();
+    const secondaryText = truncate(getSecondaryText(), {length: CONST.FORM_CHARACTER_LIMIT});
 
     const defaultSelectedIndex = paymentButtonOptions.findIndex((paymentOption) => {
         if (lastPaymentMethod === CONST.IOU.PAYMENT_TYPE.ELSEWHERE) {
diff --git a/src/languages/params.ts b/src/languages/params.ts
index e03fb943cbf45..061c4cd7a455d 100644
--- a/src/languages/params.ts
+++ b/src/languages/params.ts
@@ -142,8 +142,8 @@ type WorkspacesListRouteParams = {
 };
 
 type BusinessBankAccountParams = {
-    amount: string;
-    last4Digits: string;
+    amount?: string;
+    last4Digits?: string;
 };
 
 type WorkspaceRouteParams = {
diff --git a/src/libs/ReportUtils.ts b/src/libs/ReportUtils.ts
index e98acb5bafbe4..0d024cfff5d33 100644
--- a/src/libs/ReportUtils.ts
+++ b/src/libs/ReportUtils.ts
@@ -4566,7 +4566,7 @@ function getReportPreviewMessage(
     }
 
     const containsNonReimbursable = hasNonReimbursableTransactions(report.reportID);
-    const {totalDisplaySpend: totalAmount, reimbursableSpend} = getMoneyRequestSpendBreakdown(report);
+    const {totalDisplaySpend: totalAmount} = getMoneyRequestSpendBreakdown(report);
 
     const parentReport = getParentReport(report);
     const policyName = getPolicyName({report: parentReport ?? report, policy});
@@ -4600,7 +4600,6 @@ function getReportPreviewMessage(
 
     // Show Paid preview message if it's settled or if the amount is paid & stuck at receivers end for only chat reports.
     if (isSettled(report.reportID) || (report.isWaitingOnBankAccount && isPreviewMessageForParentChatReport)) {
-        const formattedReimbursableAmount = convertToDisplayString(reimbursableSpend, report.currency);
         // A settled report preview message can come in three formats "paid ... elsewhere" or "paid ... with Expensify"
         let translatePhraseKey: TranslationPaths = 'iou.paidElsewhere';
         if (isPreviewMessageForParentChatReport) {
@@ -4626,7 +4625,7 @@ function getReportPreviewMessage(
         const payerDisplayName = isPreviewMessageForParentChatReport ? payerName : actualPayerName;
 
         return translateLocal(translatePhraseKey, {
-            amount: formattedReimbursableAmount,
+            amount: '',
             payer: payerDisplayName ?? '',
             last4Digits: reportPolicy?.achAccount?.accountNumber?.slice(-4) ?? '',
         });
@@ -5141,11 +5140,20 @@ function getReportNameInternal({
 
     if (isMoneyRequestAction(parentReportAction)) {
         const originalMessage = getOriginalMessage(parentReportAction);
+        const reportPolicy = allPolicies?.[`${ONYXKEYS.COLLECTION.POLICY}${report?.policyID}`];
+        const last4Digits = reportPolicy?.achAccount?.accountNumber.slice(-4) ?? '';
+
         if (originalMessage?.type === CONST.IOU.REPORT_ACTION_TYPE.PAY) {
             if (originalMessage.paymentType === CONST.IOU.PAYMENT_TYPE.ELSEWHERE) {
                 return translateLocal('iou.paidElsewhere');
             }
-            if (originalMessage.paymentType === CONST.IOU.PAYMENT_TYPE.VBBA || originalMessage.paymentType === CONST.IOU.PAYMENT_TYPE.EXPENSIFY) {
+            if (originalMessage.paymentType === CONST.IOU.PAYMENT_TYPE.VBBA) {
+                if (originalMessage.automaticAction) {
+                    return translateLocal('iou.automaticallyPaidWithBusinessBankAccount', {last4Digits});
+                }
+                return translateLocal('iou.businessBankAccount', {last4Digits});
+            }
+            if (originalMessage.paymentType === CONST.IOU.PAYMENT_TYPE.EXPENSIFY) {
                 if (originalMessage.automaticAction) {
                     return translateLocal('iou.automaticallyPaidWithExpensify');
                 }
@@ -9211,12 +9219,6 @@ function getIOUReportActionDisplayMessage(reportAction: OnyxEntry<ReportAction>,
 
     let translationKey: TranslationPaths;
     if (originalMessage?.type === CONST.IOU.REPORT_ACTION_TYPE.PAY) {
-        // The `REPORT_ACTION_TYPE.PAY` action type is used for both fulfilling existing requests and sending money. To
-        // differentiate between these two scenarios, we check if the `originalMessage` contains the `IOUDetails`
-        // property. If it does, it indicates that this is a 'Pay someone' action.
-        const {amount, currency} = originalMessage?.IOUDetails ?? originalMessage ?? {};
-        const formattedAmount = convertToDisplayString(Math.abs(amount), currency) ?? '';
-
         const reportPolicy = allPolicies?.[`${ONYXKEYS.COLLECTION.POLICY}${report?.policyID}`];
         const last4Digits = reportPolicy?.achAccount?.accountNumber.slice(-4) ?? '';
 
@@ -9227,11 +9229,13 @@ function getIOUReportActionDisplayMessage(reportAction: OnyxEntry<ReportAction>,
             case CONST.IOU.PAYMENT_TYPE.EXPENSIFY:
             case CONST.IOU.PAYMENT_TYPE.VBBA:
                 if (isInvoice) {
-                    return translateLocal(payAsBusiness ? 'iou.settleInvoiceBusiness' : 'iou.settleInvoicePersonal', {amount: formattedAmount, last4Digits});
+                    return translateLocal(payAsBusiness ? 'iou.settleInvoiceBusiness' : 'iou.settleInvoicePersonal', {amount: '', last4Digits});
                 }
                 translationKey = 'iou.businessBankAccount';
-                if (automaticAction) {
+                if (automaticAction && originalMessage.paymentType === CONST.IOU.PAYMENT_TYPE.EXPENSIFY) {
                     translationKey = 'iou.automaticallyPaidWithExpensify';
+                } else {
+                    translationKey = 'iou.automaticallyPaidWithBusinessBankAccount';
                 }
                 break;
             default:
@@ -9239,7 +9243,7 @@ function getIOUReportActionDisplayMessage(reportAction: OnyxEntry<ReportAction>,
                 break;
         }
 
-        return translateLocal(translationKey, {amount: formattedAmount, payer: '', last4Digits});
+        return translateLocal(translationKey, {amount: '', payer: '', last4Digits});
     }
 
     const amount = getTransactionAmount(transaction, !isEmptyObject(iouReport) && isExpenseReport(iouReport)) ?? 0;