diff --git a/src/libs/ReportUtils.ts b/src/libs/ReportUtils.ts
index 9c8dcbdd44b15..622ac433b953c 100644
--- a/src/libs/ReportUtils.ts
+++ b/src/libs/ReportUtils.ts
@@ -2642,19 +2642,26 @@ function isOneOnOneChat(report: OnyxEntry<Report>): boolean {
 
 function isPayer(session: OnyxEntry<Session>, iouReport: OnyxEntry<Report>, onlyShowPayElsewhere = false, reportPolicy?: OnyxInputOrEntry<Policy>) {
     const policy = reportPolicy ?? allPolicies?.[`${ONYXKEYS.COLLECTION.POLICY}${iouReport?.policyID}`] ?? null;
-    const policyType = policy?.type;
-    const isAdmin = policyType !== CONST.POLICY.TYPE.PERSONAL && policy?.role === CONST.POLICY.ROLE.ADMIN;
+
+    if (!policy) {
+        Log.warn('Missing policy during isPayer check');
+
+        return false;
+    }
+
+    const policyType = policy.type;
+    const isAdmin = policyType !== CONST.POLICY.TYPE.PERSONAL && policy.role === CONST.POLICY.ROLE.ADMIN;
     const isManager = iouReport?.managerID === session?.accountID;
-    const reimbursementChoice = policy?.reimbursementChoice;
+    const reimbursementChoice = policy.reimbursementChoice;
 
     if (isPaidGroupPolicy(iouReport)) {
         if (reimbursementChoice === CONST.POLICY.REIMBURSEMENT_CHOICES.REIMBURSEMENT_YES) {
-            if (!policy?.achAccount?.reimburser) {
+            if (!policy.achAccount?.reimburser) {
                 return isAdmin;
             }
 
             // If we are the reimburser and the report is approved or we are the manager then we can pay it.
-            const isReimburser = session?.email === policy?.achAccount?.reimburser;
+            const isReimburser = session?.email === policy.achAccount?.reimburser;
             return isReimburser;
         }
         if (reimbursementChoice === CONST.POLICY.REIMBURSEMENT_CHOICES.REIMBURSEMENT_MANUAL || onlyShowPayElsewhere) {
diff --git a/src/libs/actions/IOU.ts b/src/libs/actions/IOU.ts
index 0f95c838d5286..8e27b8944b266 100644
--- a/src/libs/actions/IOU.ts
+++ b/src/libs/actions/IOU.ts
@@ -10679,10 +10679,6 @@ function canIOUBePaid(
     );
 }
 
-function canCancelPayment(iouReport: OnyxEntry<OnyxTypes.Report>, session: OnyxEntry<OnyxTypes.Session>) {
-    return isPayerReportUtils(session, iouReport) && (isSettled(iouReport) || iouReport?.isWaitingOnBankAccount) && isExpenseReport(iouReport);
-}
-
 function canSubmitReport(
     report: OnyxEntry<OnyxTypes.Report>,
     policy: OnyxEntry<OnyxTypes.Policy>,
@@ -15160,7 +15156,6 @@ export {
     canUnapproveIOU,
     cancelPayment,
     canIOUBePaid,
-    canCancelPayment,
     cleanUpMoneyRequest,
     clearMoneyRequest,
     completeSplitBill,
diff --git a/tests/actions/IOUTest.ts b/tests/actions/IOUTest.ts
index c67d079be66c5..fcfcc9b8a76d5 100644
--- a/tests/actions/IOUTest.ts
+++ b/tests/actions/IOUTest.ts
@@ -16,7 +16,6 @@ import {
     approveMoneyRequest,
     calculateDiffAmount,
     canApproveIOU,
-    canCancelPayment,
     cancelPayment,
     canIOUBePaid,
     canUnapproveIOU,
@@ -6876,21 +6875,6 @@ describe('actions/IOU', () => {
         });
     });
 
-    describe('canCancelPayment', () => {
-        it('should return true if the report is waiting for a bank account', () => {
-            const fakeReport: Report = {
-                ...createRandomReport(1, undefined),
-                type: CONST.REPORT.TYPE.EXPENSE,
-                policyID: 'A',
-                stateNum: CONST.REPORT.STATE_NUM.APPROVED,
-                statusNum: CONST.REPORT.STATUS_NUM.APPROVED,
-                isWaitingOnBankAccount: true,
-                managerID: RORY_ACCOUNT_ID,
-            };
-            expect(canCancelPayment(fakeReport, {accountID: RORY_ACCOUNT_ID})).toBeTruthy();
-        });
-    });
-
     describe('canIOUBePaid', () => {
         it('should return false if the report has negative total and onlyShowPayElsewhere is false', async () => {
             const policyChat = createRandomReport(1, CONST.REPORT.CHAT_TYPE.POLICY_EXPENSE_CHAT);