diff --git a/src/components/ReportWelcomeText.js b/src/components/ReportWelcomeText.js
index 560c93813819..3c6dc7a763af 100644
--- a/src/components/ReportWelcomeText.js
+++ b/src/components/ReportWelcomeText.js
@@ -68,7 +68,7 @@ const ReportWelcomeText = (props) => {
         isMultipleParticipant,
     );
     const roomWelcomeMessage = ReportUtils.getRoomWelcomeMessage(props.report, props.policies);
-    const iouOptions = ReportUtils.getIOUOptions(props.report, participants, props.betas);
+    const moneyRequestOptions = ReportUtils.getMoneyRequestOptions(props.report, participants, props.betas);
     return (
         <>
             <View>
@@ -132,7 +132,7 @@ const ReportWelcomeText = (props) => {
                         ))}
                     </Text>
                 )}
-                {(iouOptions.includes(CONST.IOU.IOU_TYPE.SEND) || iouOptions.includes(CONST.IOU.IOU_TYPE.REQUEST)) && (
+                {(moneyRequestOptions.includes(CONST.IOU.IOU_TYPE.SEND) || moneyRequestOptions.includes(CONST.IOU.IOU_TYPE.REQUEST)) && (
                     <Text>
                         {/* Need to confirm copy for the below with marketing, and then add to translations. */}
                         {props.translate('reportActionsView.usePlusButton')}
diff --git a/src/libs/ReportUtils.js b/src/libs/ReportUtils.js
index 43ba811e914d..752ceddd79f8 100644
--- a/src/libs/ReportUtils.js
+++ b/src/libs/ReportUtils.js
@@ -1587,32 +1587,43 @@ function getReportIDFromLink(url) {
     return reportID;
 }
 
+/**
+ * Users can request money in policy expense chats only if they are in a role of a member in the chat (in other words, if it's their policy expense chat)
+ *
+ * @param {Object} report
+ * @returns {Boolean}
+ */
+function canRequestMoney(report) {
+    return (!isPolicyExpenseChat(report) || report.isOwnPolicyExpenseChat);
+}
+
 /**
  * @param {Object} report
  * @param {Array} reportParticipants
  * @param {Array} betas
  * @returns {Array}
  */
-function getIOUOptions(report, reportParticipants, betas) {
+function getMoneyRequestOptions(report, reportParticipants, betas) {
     const participants = _.filter(reportParticipants, email => currentUserPersonalDetails.login !== email);
     const hasExcludedIOUEmails = lodashIntersection(reportParticipants, CONST.EXPENSIFY_EMAILS).length > 0;
     const hasMultipleParticipants = participants.length > 1;
 
-    if (hasExcludedIOUEmails || participants.length === 0 || !Permissions.canUseIOU(betas)) {
+    if (hasExcludedIOUEmails || (participants.length === 0 && !report.isOwnPolicyExpenseChat) || !Permissions.canUseIOU(betas)) {
         return [];
     }
 
     // User created policy rooms and default rooms like #admins or #announce will always have the Split Bill option
     // unless there are no participants at all (e.g. #admins room for a policy with only 1 admin)
-    // DM chats and workspace chats will have the Split Bill option only when there are at least 3 people in the chat.
-    if (isChatRoom(report) || hasMultipleParticipants) {
+    // DM chats will have the Split Bill option only when there are at least 3 people in the chat.
+    // There is no Split Bill option for Workspace chats
+    if (isChatRoom(report) || (hasMultipleParticipants && !isPolicyExpenseChat(report))) {
         return [CONST.IOU.IOU_TYPE.SPLIT];
     }
 
     // DM chats that only have 2 people will see the Send / Request money options.
     // Workspace chats should only see the Request money option, as "easy overages" is not available.
     return [
-        CONST.IOU.IOU_TYPE.REQUEST,
+        ...(canRequestMoney(report) ? [CONST.IOU.IOU_TYPE.REQUEST] : []),
         ...(Permissions.canUseIOUSend(betas) && !isPolicyExpenseChat(report) ? [CONST.IOU.IOU_TYPE.SEND] : []),
     ];
 }
@@ -1712,5 +1723,6 @@ export {
     getParsedComment,
     getFullSizeAvatar,
     getSmallSizeAvatar,
-    getIOUOptions,
+    getMoneyRequestOptions,
+    canRequestMoney,
 };
diff --git a/src/pages/home/report/ReportActionCompose.js b/src/pages/home/report/ReportActionCompose.js
index 4e57dba3b159..c8352a6fa69b 100644
--- a/src/pages/home/report/ReportActionCompose.js
+++ b/src/pages/home/report/ReportActionCompose.js
@@ -163,7 +163,7 @@ class ReportActionCompose extends React.Component {
         this.isEmojiCode = this.isEmojiCode.bind(this);
         this.setTextInputRef = this.setTextInputRef.bind(this);
         this.getInputPlaceholder = this.getInputPlaceholder.bind(this);
-        this.getIOUOptions = this.getIOUOptions.bind(this);
+        this.getMoneyRequestOptions = this.getMoneyRequestOptions.bind(this);
         this.addAttachment = this.addAttachment.bind(this);
         this.insertSelectedEmoji = this.insertSelectedEmoji.bind(this);
         this.setExceededMaxCommentLength = this.setExceededMaxCommentLength.bind(this);
@@ -332,7 +332,7 @@ class ReportActionCompose extends React.Component {
      * @param {Array} reportParticipants
      * @returns {Array<object>}
      */
-    getIOUOptions(reportParticipants) {
+    getMoneyRequestOptions(reportParticipants) {
         const options = {
             [CONST.IOU.IOU_TYPE.SPLIT]: {
                 icon: Expensicons.Receipt,
@@ -350,7 +350,7 @@ class ReportActionCompose extends React.Component {
                 onSelected: () => Navigation.navigate(ROUTES.getIOUSendRoute(this.props.reportID)),
             },
         };
-        return _.map(ReportUtils.getIOUOptions(this.props.report, reportParticipants, this.props.betas), option => options[option]);
+        return _.map(ReportUtils.getMoneyRequestOptions(this.props.report, reportParticipants, this.props.betas), option => options[option]);
     }
 
     /**
@@ -780,7 +780,7 @@ class ReportActionCompose extends React.Component {
                                                 onClose={() => this.setMenuVisibility(false)}
                                                 onItemSelected={() => this.setMenuVisibility(false)}
                                                 anchorPosition={styles.createMenuPositionReportActionCompose}
-                                                menuItems={[...this.getIOUOptions(reportParticipants),
+                                                menuItems={[...this.getMoneyRequestOptions(reportParticipants),
                                                     {
                                                         icon: Expensicons.Paperclip,
                                                         text: this.props.translate('reportActionCompose.addAttachment'),
diff --git a/tests/unit/ReportUtilsTest.js b/tests/unit/ReportUtilsTest.js
index b4383b3c0fd4..1701793edfd1 100644
--- a/tests/unit/ReportUtilsTest.js
+++ b/tests/unit/ReportUtilsTest.js
@@ -308,7 +308,7 @@ describe('ReportUtils', () => {
         });
     });
 
-    describe('getIOUOptions', () => {
+    describe('getMoneyRequestOptions', () => {
         const participants = _.keys(participantsPersonalDetails);
 
         beforeAll(() => {
@@ -324,20 +324,20 @@ describe('ReportUtils', () => {
         describe('return empty iou options if', () => {
             it('participants contains excluded iou emails', () => {
                 const allEmpty = _.every(CONST.EXPENSIFY_EMAILS, (email) => {
-                    const iouOptions = ReportUtils.getIOUOptions({}, [currentUserEmail, email], [CONST.BETAS.IOU]);
-                    return iouOptions.length === 0;
+                    const moneyRequestOptions = ReportUtils.getMoneyRequestOptions({}, [currentUserEmail, email], [CONST.BETAS.IOU]);
+                    return moneyRequestOptions.length === 0;
                 });
                 expect(allEmpty).toBe(true);
             });
 
             it('no participants except self', () => {
-                const iouOptions = ReportUtils.getIOUOptions({}, [currentUserEmail], [CONST.BETAS.IOU]);
-                expect(iouOptions.length).toBe(0);
+                const moneyRequestOptions = ReportUtils.getMoneyRequestOptions({}, [currentUserEmail], [CONST.BETAS.IOU]);
+                expect(moneyRequestOptions.length).toBe(0);
             });
 
             it('no iou permission', () => {
-                const iouOptions = ReportUtils.getIOUOptions({}, [currentUserEmail, participants], []);
-                expect(iouOptions.length).toBe(0);
+                const moneyRequestOptions = ReportUtils.getMoneyRequestOptions({}, [currentUserEmail, participants], []);
+                expect(moneyRequestOptions.length).toBe(0);
             });
         });
 
@@ -353,42 +353,43 @@ describe('ReportUtils', () => {
                         ...LHNTestUtils.getFakeReport(),
                         chatType,
                     };
-                    const iouOptions = ReportUtils.getIOUOptions(report, [currentUserEmail, participants[0]], [CONST.BETAS.IOU]);
-                    return iouOptions.length === 1 && iouOptions.includes(CONST.IOU.IOU_TYPE.SPLIT);
+                    const moneyRequestOptions = ReportUtils.getMoneyRequestOptions(report, [currentUserEmail, participants[0]], [CONST.BETAS.IOU]);
+                    return moneyRequestOptions.length === 1 && moneyRequestOptions.includes(CONST.IOU.IOU_TYPE.SPLIT);
                 });
                 expect(onlyHaveSplitOption).toBe(true);
             });
 
             it('has multiple participants exclude self', () => {
-                const iouOptions = ReportUtils.getIOUOptions({}, [currentUserEmail, ...participants], [CONST.BETAS.IOU]);
-                expect(iouOptions.length).toBe(1);
-                expect(iouOptions.includes(CONST.IOU.IOU_TYPE.SPLIT)).toBe(true);
+                const moneyRequestOptions = ReportUtils.getMoneyRequestOptions({}, [currentUserEmail, ...participants], [CONST.BETAS.IOU]);
+                expect(moneyRequestOptions.length).toBe(1);
+                expect(moneyRequestOptions.includes(CONST.IOU.IOU_TYPE.SPLIT)).toBe(true);
             });
         });
 
         describe('return only iou request option if', () => {
             it(' does not have iou send permission', () => {
-                const iouOptions = ReportUtils.getIOUOptions({}, [currentUserEmail, participants], [CONST.BETAS.IOU]);
-                expect(iouOptions.length).toBe(1);
-                expect(iouOptions.includes(CONST.IOU.IOU_TYPE.REQUEST)).toBe(true);
+                const moneyRequestOptions = ReportUtils.getMoneyRequestOptions({}, [currentUserEmail, participants], [CONST.BETAS.IOU]);
+                expect(moneyRequestOptions.length).toBe(1);
+                expect(moneyRequestOptions.includes(CONST.IOU.IOU_TYPE.REQUEST)).toBe(true);
             });
 
             it('a policy expense chat', () => {
                 const report = {
                     ...LHNTestUtils.getFakeReport(),
                     chatType: CONST.REPORT.CHAT_TYPE.POLICY_EXPENSE_CHAT,
+                    isOwnPolicyExpenseChat: true,
                 };
-                const iouOptions = ReportUtils.getIOUOptions(report, [currentUserEmail, participants], [CONST.BETAS.IOU, CONST.BETAS.IOU_SEND]);
-                expect(iouOptions.length).toBe(1);
-                expect(iouOptions.includes(CONST.IOU.IOU_TYPE.REQUEST)).toBe(true);
+                const moneyRequestOptions = ReportUtils.getMoneyRequestOptions(report, [currentUserEmail, participants], [CONST.BETAS.IOU, CONST.BETAS.IOU_SEND]);
+                expect(moneyRequestOptions.length).toBe(1);
+                expect(moneyRequestOptions.includes(CONST.IOU.IOU_TYPE.REQUEST)).toBe(true);
             });
         });
 
         it('return both iou send and request money', () => {
-            const iouOptions = ReportUtils.getIOUOptions({}, [currentUserEmail, participants], [CONST.BETAS.IOU, CONST.BETAS.IOU_SEND]);
-            expect(iouOptions.length).toBe(2);
-            expect(iouOptions.includes(CONST.IOU.IOU_TYPE.REQUEST)).toBe(true);
-            expect(iouOptions.includes(CONST.IOU.IOU_TYPE.SEND)).toBe(true);
+            const moneyRequestOptions = ReportUtils.getMoneyRequestOptions({}, [currentUserEmail, participants], [CONST.BETAS.IOU, CONST.BETAS.IOU_SEND]);
+            expect(moneyRequestOptions.length).toBe(2);
+            expect(moneyRequestOptions.includes(CONST.IOU.IOU_TYPE.REQUEST)).toBe(true);
+            expect(moneyRequestOptions.includes(CONST.IOU.IOU_TYPE.SEND)).toBe(true);
         });
     });