diff --git a/android/app/build.gradle b/android/app/build.gradle
index 87ed66046974..08d39c658713 100644
--- a/android/app/build.gradle
+++ b/android/app/build.gradle
@@ -156,8 +156,8 @@ android {
         minSdkVersion rootProject.ext.minSdkVersion
         targetSdkVersion rootProject.ext.targetSdkVersion
         multiDexEnabled rootProject.ext.multiDexEnabled
-        versionCode 1001023104
-        versionName "1.2.31-4"
+        versionCode 1001023105
+        versionName "1.2.31-5"
         buildConfigField "boolean", "IS_NEW_ARCHITECTURE_ENABLED", isNewArchitectureEnabled().toString()
 
         if (isNewArchitectureEnabled()) {
diff --git a/ios/NewExpensify/Info.plist b/ios/NewExpensify/Info.plist
index 92a55bb4d111..56324816d073 100644
--- a/ios/NewExpensify/Info.plist
+++ b/ios/NewExpensify/Info.plist
@@ -30,7 +30,7 @@
 		</dict>
 	</array>
 	<key>CFBundleVersion</key>
-	<string>1.2.31.4</string>
+	<string>1.2.31.5</string>
 	<key>ITSAppUsesNonExemptEncryption</key>
 	<false/>
 	<key>LSApplicationQueriesSchemes</key>
diff --git a/ios/NewExpensifyTests/Info.plist b/ios/NewExpensifyTests/Info.plist
index 61ad9e016da6..52758a035e13 100644
--- a/ios/NewExpensifyTests/Info.plist
+++ b/ios/NewExpensifyTests/Info.plist
@@ -19,6 +19,6 @@
 	<key>CFBundleSignature</key>
 	<string>????</string>
 	<key>CFBundleVersion</key>
-	<string>1.2.31.4</string>
+	<string>1.2.31.5</string>
 </dict>
 </plist>
diff --git a/package-lock.json b/package-lock.json
index b749a7fe2a0c..e491a4f97590 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "new.expensify",
-  "version": "1.2.31-4",
+  "version": "1.2.31-5",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "new.expensify",
-      "version": "1.2.31-4",
+      "version": "1.2.31-5",
       "hasInstallScript": true,
       "license": "MIT",
       "dependencies": {
diff --git a/package.json b/package.json
index b0c75a886b3c..f64f6bdf642a 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "new.expensify",
-  "version": "1.2.31-4",
+  "version": "1.2.31-5",
   "author": "Expensify, Inc.",
   "homepage": "https://new.expensify.com",
   "description": "New Expensify is the next generation of Expensify: a reimagination of payments based atop a foundation of chat.",
diff --git a/src/libs/actions/IOU.js b/src/libs/actions/IOU.js
index 438236afdefa..9fb462f64b50 100644
--- a/src/libs/actions/IOU.js
+++ b/src/libs/actions/IOU.js
@@ -113,7 +113,7 @@ function requestMoney(report, amount, currency, recipientEmail, participant, com
             },
         },
         {
-            onyxMethod: CONST.ONYX.METHOD.MERGE,
+            onyxMethod: originalIOUStatus ? CONST.ONYX.METHOD.MERGE : CONST.ONYX.METHOD.SET,
             key: `${ONYXKEYS.COLLECTION.REPORT_IOUS}${iouReport.reportID}`,
             value: iouReport,
         },
diff --git a/src/pages/ReportSettingsPage.js b/src/pages/ReportSettingsPage.js
index c59511daff67..c2c35e4c7c7b 100644
--- a/src/pages/ReportSettingsPage.js
+++ b/src/pages/ReportSettingsPage.js
@@ -102,6 +102,11 @@ class ReportSettingsPage extends Component {
             return false;
         }
 
+        // Show error if the room name already exists
+        if (ValidationUtils.isExistingRoomName(this.state.newRoomName, this.props.reports, this.props.report.policyID)) {
+            errors.newRoomName = this.props.translate('newRoomPage.roomAlreadyExistsError');
+        }
+
         // We error if the user doesn't enter a room name or left blank
         if (!this.state.newRoomName || this.state.newRoomName === CONST.POLICY.ROOM_PREFIX) {
             errors.newRoomName = this.props.translate('newRoomPage.pleaseEnterRoomName');
@@ -253,5 +258,8 @@ export default compose(
         policies: {
             key: ONYXKEYS.COLLECTION.POLICY,
         },
+        reports: {
+            key: ONYXKEYS.COLLECTION.REPORT,
+        },
     }),
 )(ReportSettingsPage);