diff --git a/src/libs/actions/IOU.js b/src/libs/actions/IOU.js
index 085842af18b9..9f4deee27edc 100644
--- a/src/libs/actions/IOU.js
+++ b/src/libs/actions/IOU.js
@@ -102,9 +102,7 @@ function resetMoneyRequestInfo(id = '') {
         amount: 0,
         currency: lodashGet(currentUserPersonalDetails, 'localCurrencyCode', CONST.CURRENCY.USD),
         comment: '',
-        // TODO: remove participants after all instances of iou.participants will be replaced with iou.participantAccountIDs
         participants: [],
-        participantAccountIDs: [],
         merchant: CONST.TRANSACTION.DEFAULT_MERCHANT,
         category: '',
         tag: '',
@@ -2049,9 +2047,7 @@ function setMoneyRequestBillable(billable) {
  * @param {Object[]} participants
  */
 function setMoneyRequestParticipants(participants) {
-    // TODO: temporarily we want to save both participants and participantAccountIDs, then we can remove participants (and rename the function)
-    // more info: https://github.com/Expensify/App/issues/25714#issuecomment-1712924903 and https://github.com/Expensify/App/issues/25714#issuecomment-1716335802
-    Onyx.merge(ONYXKEYS.IOU, {participants, participantAccountIDs: _.map(participants, 'accountID')});
+    Onyx.merge(ONYXKEYS.IOU, {participants});
 }
 
 /**
diff --git a/src/pages/iou/MoneyRequestDatePage.js b/src/pages/iou/MoneyRequestDatePage.js
index e7607277899e..65654aa8098a 100644
--- a/src/pages/iou/MoneyRequestDatePage.js
+++ b/src/pages/iou/MoneyRequestDatePage.js
@@ -61,10 +61,10 @@ function MoneyRequestDatePage({iou, route, selectedTab}) {
             IOU.resetMoneyRequestInfo(moneyRequestId);
         }
 
-        if (!isDistanceRequest && (_.isEmpty(iou.participantAccountIDs) || (iou.amount === 0 && !iou.receiptPath) || shouldReset)) {
+        if (!isDistanceRequest && (_.isEmpty(iou.participants) || (iou.amount === 0 && !iou.receiptPath) || shouldReset)) {
             Navigation.goBack(ROUTES.MONEY_REQUEST.getRoute(iouType, reportID), true);
         }
-    }, [iou.id, iou.participantAccountIDs, iou.amount, iou.receiptPath, iouType, reportID, isDistanceRequest]);
+    }, [iou.id, iou.participants, iou.amount, iou.receiptPath, iouType, reportID, isDistanceRequest]);
 
     function navigateBack() {
         Navigation.goBack(ROUTES.MONEY_REQUEST_CONFIRMATION.getRoute(iouType, reportID));
diff --git a/src/pages/iou/MoneyRequestDescriptionPage.js b/src/pages/iou/MoneyRequestDescriptionPage.js
index 8d274a77a19a..6570cffb58d4 100644
--- a/src/pages/iou/MoneyRequestDescriptionPage.js
+++ b/src/pages/iou/MoneyRequestDescriptionPage.js
@@ -83,10 +83,10 @@ function MoneyRequestDescriptionPage({iou, route, selectedTab}) {
             IOU.resetMoneyRequestInfo(moneyRequestId);
         }
 
-        if (!isDistanceRequest && (_.isEmpty(iou.participantAccountIDs) || (iou.amount === 0 && !iou.receiptPath) || shouldReset)) {
+        if (!isDistanceRequest && (_.isEmpty(iou.participants) || (iou.amount === 0 && !iou.receiptPath) || shouldReset)) {
             Navigation.goBack(ROUTES.MONEY_REQUEST.getRoute(iouType, reportID), true);
         }
-    }, [iou.id, iou.participantAccountIDs, iou.amount, iou.receiptPath, iouType, reportID, isDistanceRequest]);
+    }, [iou.id, iou.participants, iou.amount, iou.receiptPath, iouType, reportID, isDistanceRequest]);
 
     function navigateBack() {
         Navigation.goBack(ROUTES.MONEY_REQUEST_CONFIRMATION.getRoute(iouType, reportID));
diff --git a/src/pages/iou/MoneyRequestMerchantPage.js b/src/pages/iou/MoneyRequestMerchantPage.js
index 9d4ce5cc367c..af20930ffe8d 100644
--- a/src/pages/iou/MoneyRequestMerchantPage.js
+++ b/src/pages/iou/MoneyRequestMerchantPage.js
@@ -58,10 +58,10 @@ function MoneyRequestMerchantPage({iou, route}) {
             IOU.resetMoneyRequestInfo(moneyRequestId);
         }
 
-        if (_.isEmpty(iou.participantAccountIDs) || (iou.amount === 0 && !iou.receiptPath) || shouldReset) {
+        if (_.isEmpty(iou.participants) || (iou.amount === 0 && !iou.receiptPath) || shouldReset) {
             Navigation.goBack(ROUTES.MONEY_REQUEST.getRoute(iouType, reportID), true);
         }
-    }, [iou.id, iou.participantAccountIDs, iou.amount, iou.receiptPath, iouType, reportID]);
+    }, [iou.id, iou.participants, iou.amount, iou.receiptPath, iouType, reportID]);
 
     function navigateBack() {
         Navigation.goBack(ROUTES.MONEY_REQUEST_CONFIRMATION.getRoute(iouType, reportID));
diff --git a/src/pages/iou/steps/NewRequestAmountPage.js b/src/pages/iou/steps/NewRequestAmountPage.js
index 92bc40a2af51..eb52c634de70 100644
--- a/src/pages/iou/steps/NewRequestAmountPage.js
+++ b/src/pages/iou/steps/NewRequestAmountPage.js
@@ -115,7 +115,7 @@ function NewRequestAmountPage({route, iou, report, selectedTab}) {
                 IOU.resetMoneyRequestInfo(moneyRequestID);
             }
 
-            if (!isDistanceRequestTab && (_.isEmpty(iou.participantAccountIDs) || iou.amount === 0 || shouldReset)) {
+            if (!isDistanceRequestTab && (_.isEmpty(iou.participants) || iou.amount === 0 || shouldReset)) {
                 Navigation.goBack(ROUTES.MONEY_REQUEST.getRoute(iouType, reportID), true);
             }
         }
@@ -123,7 +123,7 @@ function NewRequestAmountPage({route, iou, report, selectedTab}) {
         return () => {
             prevMoneyRequestID.current = iou.id;
         };
-    }, [iou.participantAccountIDs, iou.amount, iou.id, isEditing, iouType, reportID, isDistanceRequestTab]);
+    }, [iou.participants, iou.amount, iou.id, isEditing, iouType, reportID, isDistanceRequestTab]);
 
     const navigateBack = () => {
         Navigation.goBack(isEditing ? ROUTES.MONEY_REQUEST_CONFIRMATION.getRoute(iouType, reportID) : ROUTES.HOME);