diff --git a/src/CONST.js b/src/CONST.js
index c16309f3436a..92029bab0078 100755
--- a/src/CONST.js
+++ b/src/CONST.js
@@ -256,7 +256,6 @@ const CONST = {
     BETAS: {
         ALL: 'all',
         CHRONOS_IN_CASH: 'chronosInCash',
-        IOU: 'IOU',
         PAY_WITH_EXPENSIFY: 'payWithExpensify',
         FREE_PLAN: 'freePlan',
         DEFAULT_ROOMS: 'defaultRooms',
diff --git a/src/libs/Permissions.js b/src/libs/Permissions.js
index 3617900109f2..f3dd7177051d 100644
--- a/src/libs/Permissions.js
+++ b/src/libs/Permissions.js
@@ -18,14 +18,6 @@ function canUseChronos(betas) {
     return _.contains(betas, CONST.BETAS.CHRONOS_IN_CASH) || canUseAllBetas(betas);
 }
 
-/**
- * @param {Array<String>} betas
- * @returns {Boolean}
- */
-function canUseIOU(betas) {
-    return _.contains(betas, CONST.BETAS.IOU) || canUseAllBetas(betas);
-}
-
 /**
  * @param {Array<String>} betas
  * @returns {Boolean}
@@ -112,7 +104,6 @@ function canUseScanReceipts(betas) {
 
 export default {
     canUseChronos,
-    canUseIOU,
     canUsePayWithExpensify,
     canUseDefaultRooms,
     canUseIOUSend,
diff --git a/src/libs/ReportUtils.js b/src/libs/ReportUtils.js
index 831806f7fb89..91b645c50666 100644
--- a/src/libs/ReportUtils.js
+++ b/src/libs/ReportUtils.js
@@ -2327,7 +2327,7 @@ function getMoneyRequestOptions(report, reportParticipants, betas) {
     const hasExcludedIOUAccountIDs = lodashIntersection(reportParticipants, CONST.EXPENSIFY_ACCOUNT_IDS).length > 0;
     const hasMultipleParticipants = participants.length > 1;
 
-    if (hasExcludedIOUAccountIDs || (participants.length === 0 && !report.isOwnPolicyExpenseChat) || !Permissions.canUseIOU(betas)) {
+    if (hasExcludedIOUAccountIDs || (participants.length === 0 && !report.isOwnPolicyExpenseChat)) {
         return [];
     }
 
diff --git a/src/libs/__mocks__/Permissions.js b/src/libs/__mocks__/Permissions.js
index 6b5465586dd2..5486d184d51b 100644
--- a/src/libs/__mocks__/Permissions.js
+++ b/src/libs/__mocks__/Permissions.js
@@ -13,6 +13,5 @@ export default {
     canUseDefaultRooms: (betas) => _.contains(betas, CONST.BETAS.DEFAULT_ROOMS),
     canUsePolicyRooms: (betas) => _.contains(betas, CONST.BETAS.POLICY_ROOMS),
     canUsePolicyExpenseChat: (betas) => _.contains(betas, CONST.BETAS.POLICY_EXPENSE_CHAT),
-    canUseIOU: (betas) => _.contains(betas, CONST.BETAS.IOU),
     canUseIOUSend: (betas) => _.contains(betas, CONST.BETAS.IOU_SEND),
 };
diff --git a/src/pages/home/sidebar/SidebarScreen/FloatingActionButtonAndPopover.js b/src/pages/home/sidebar/SidebarScreen/FloatingActionButtonAndPopover.js
index 07c096b630a1..cc6767318274 100644
--- a/src/pages/home/sidebar/SidebarScreen/FloatingActionButtonAndPopover.js
+++ b/src/pages/home/sidebar/SidebarScreen/FloatingActionButtonAndPopover.js
@@ -201,24 +201,16 @@ class FloatingActionButtonAndPopover extends React.Component {
                                   },
                               ]
                             : []),
-                        ...(Permissions.canUseIOU(this.props.betas)
-                            ? [
-                                  {
-                                      icon: Expensicons.MoneyCircle,
-                                      text: this.props.translate('iou.requestMoney'),
-                                      onSelected: () => this.interceptAnonymousUser(() => IOU.startMoneyRequest(CONST.IOU.MONEY_REQUEST_TYPE.REQUEST)),
-                                  },
-                              ]
-                            : []),
-                        ...(Permissions.canUseIOU(this.props.betas)
-                            ? [
-                                  {
-                                      icon: Expensicons.Receipt,
-                                      text: this.props.translate('iou.splitBill'),
-                                      onSelected: () => this.interceptAnonymousUser(() => IOU.startMoneyRequest(CONST.IOU.MONEY_REQUEST_TYPE.SPLIT)),
-                                  },
-                              ]
-                            : []),
+                        {
+                            icon: Expensicons.MoneyCircle,
+                            text: this.props.translate('iou.requestMoney'),
+                            onSelected: () => this.interceptAnonymousUser(() => IOU.startMoneyRequest(CONST.IOU.MONEY_REQUEST_TYPE.REQUEST)),
+                        },
+                        {
+                            icon: Expensicons.Receipt,
+                            text: this.props.translate('iou.splitBill'),
+                            onSelected: () => this.interceptAnonymousUser(() => IOU.startMoneyRequest(CONST.IOU.MONEY_REQUEST_TYPE.SPLIT)),
+                        },
                         ...(Permissions.canUseTasks(this.props.betas)
                             ? [
                                   {
diff --git a/tests/unit/ReportUtilsTest.js b/tests/unit/ReportUtilsTest.js
index 5a0446dede65..d410526b76ee 100644
--- a/tests/unit/ReportUtilsTest.js
+++ b/tests/unit/ReportUtilsTest.js
@@ -383,19 +383,14 @@ describe('ReportUtils', () => {
         describe('return empty iou options if', () => {
             it('participants contains excluded iou emails', () => {
                 const allEmpty = _.every(CONST.EXPENSIFY_ACCOUNT_IDS, (accountID) => {
-                    const moneyRequestOptions = ReportUtils.getMoneyRequestOptions({}, [currentUserAccountID, accountID], [CONST.BETAS.IOU]);
+                    const moneyRequestOptions = ReportUtils.getMoneyRequestOptions({}, [currentUserAccountID, accountID], []);
                     return moneyRequestOptions.length === 0;
                 });
                 expect(allEmpty).toBe(true);
             });
 
             it('no participants except self', () => {
-                const moneyRequestOptions = ReportUtils.getMoneyRequestOptions({}, [currentUserAccountID], [CONST.BETAS.IOU]);
-                expect(moneyRequestOptions.length).toBe(0);
-            });
-
-            it('no iou permission', () => {
-                const moneyRequestOptions = ReportUtils.getMoneyRequestOptions({}, [currentUserAccountID, ...participants], []);
+                const moneyRequestOptions = ReportUtils.getMoneyRequestOptions({}, [currentUserAccountID], []);
                 expect(moneyRequestOptions.length).toBe(0);
             });
         });
@@ -409,7 +404,7 @@ describe('ReportUtils', () => {
                             ...LHNTestUtils.getFakeReport(),
                             chatType,
                         };
-                        const moneyRequestOptions = ReportUtils.getMoneyRequestOptions(report, [currentUserAccountID, participants[0]], [CONST.BETAS.IOU]);
+                        const moneyRequestOptions = ReportUtils.getMoneyRequestOptions(report, [currentUserAccountID, participants[0]], []);
                         return moneyRequestOptions.length === 1 && moneyRequestOptions.includes(CONST.IOU.MONEY_REQUEST_TYPE.SPLIT);
                     },
                 );
@@ -417,13 +412,13 @@ describe('ReportUtils', () => {
             });
 
             it('has multiple participants exclude self', () => {
-                const moneyRequestOptions = ReportUtils.getMoneyRequestOptions({}, [currentUserAccountID, ...participants], [CONST.BETAS.IOU]);
+                const moneyRequestOptions = ReportUtils.getMoneyRequestOptions({}, [currentUserAccountID, ...participants], []);
                 expect(moneyRequestOptions.length).toBe(1);
                 expect(moneyRequestOptions.includes(CONST.IOU.MONEY_REQUEST_TYPE.SPLIT)).toBe(true);
             });
 
             it(' does not have iou send permission', () => {
-                const moneyRequestOptions = ReportUtils.getMoneyRequestOptions({}, [currentUserAccountID, ...participants], [CONST.BETAS.IOU]);
+                const moneyRequestOptions = ReportUtils.getMoneyRequestOptions({}, [currentUserAccountID, ...participants], []);
                 expect(moneyRequestOptions.length).toBe(1);
                 expect(moneyRequestOptions.includes(CONST.IOU.MONEY_REQUEST_TYPE.SPLIT)).toBe(true);
             });
@@ -436,14 +431,14 @@ describe('ReportUtils', () => {
                     chatType: CONST.REPORT.CHAT_TYPE.POLICY_EXPENSE_CHAT,
                     isOwnPolicyExpenseChat: true,
                 };
-                const moneyRequestOptions = ReportUtils.getMoneyRequestOptions(report, [currentUserAccountID, ...participants], [CONST.BETAS.IOU, CONST.BETAS.IOU_SEND]);
+                const moneyRequestOptions = ReportUtils.getMoneyRequestOptions(report, [currentUserAccountID, ...participants], [CONST.BETAS.IOU_SEND]);
                 expect(moneyRequestOptions.length).toBe(1);
                 expect(moneyRequestOptions.includes(CONST.IOU.MONEY_REQUEST_TYPE.REQUEST)).toBe(true);
             });
         });
 
         it('return both iou send and request money in DM', () => {
-            const moneyRequestOptions = ReportUtils.getMoneyRequestOptions({type: 'chat'}, [currentUserAccountID, participants[0]], [CONST.BETAS.IOU, CONST.BETAS.IOU_SEND]);
+            const moneyRequestOptions = ReportUtils.getMoneyRequestOptions({type: 'chat'}, [currentUserAccountID, participants[0]], [CONST.BETAS.IOU_SEND]);
             expect(moneyRequestOptions.length).toBe(2);
             expect(moneyRequestOptions.includes(CONST.IOU.MONEY_REQUEST_TYPE.REQUEST)).toBe(true);
             expect(moneyRequestOptions.includes(CONST.IOU.MONEY_REQUEST_TYPE.SEND)).toBe(true);