diff --git a/src/libs/ReportUtils.js b/src/libs/ReportUtils.js
index e4a6b801db57..8201e5c225b3 100644
--- a/src/libs/ReportUtils.js
+++ b/src/libs/ReportUtils.js
@@ -1752,6 +1752,14 @@ function buildOptimisticIOUReportAction(type, amount, currency, comment, partici
     };
 }
 
+/**
+ * Builds an optimistic report preview action with a randomly generated reportActionID.
+ *
+ * @param {Object} chatReport
+ * @param {Object} iouReport
+ *
+ * @returns {Object}
+ */
 function buildOptimisticReportPreview(chatReport, iouReport) {
     const message = getReportPreviewMessage(iouReport);
     return {
@@ -1776,6 +1784,30 @@ function buildOptimisticReportPreview(chatReport, iouReport) {
     };
 }
 
+/**
+ * Updates a report preview action that exists for an IOU report.
+ *
+ * @param {Object} iouReport
+ * @param {Object} reportPreviewAction
+ *
+ * @returns {Object}
+ */
+function updateReportPreview(iouReport, reportPreviewAction) {
+    const message = getReportPreviewMessage(iouReport, reportPreviewAction);
+    return {
+        ...reportPreviewAction,
+        created: DateUtils.getDBTime(),
+        message: [
+            {
+                html: message,
+                text: message,
+                isEdited: false,
+                type: CONST.REPORT.MESSAGE.TYPE.COMMENT,
+            },
+        ],
+    };
+}
+
 function buildOptimisticTaskReportAction(taskReportID, actionName, message = '') {
     const originalMessage = {
         taskReportID,
@@ -2788,6 +2820,7 @@ export {
     buildOptimisticExpenseReport,
     buildOptimisticIOUReportAction,
     buildOptimisticReportPreview,
+    updateReportPreview,
     buildOptimisticTaskReportAction,
     buildOptimisticAddCommentReportAction,
     buildOptimisticTaskCommentReportAction,
diff --git a/src/libs/actions/IOU.js b/src/libs/actions/IOU.js
index dbea53c54c3a..57287d3c5394 100644
--- a/src/libs/actions/IOU.js
+++ b/src/libs/actions/IOU.js
@@ -384,10 +384,7 @@ function requestMoney(report, amount, currency, payeeEmail, payeeAccountID, part
 
     let reportPreviewAction = isNewIOUReport ? null : ReportActionsUtils.getReportPreviewAction(chatReport.reportID, iouReport.reportID);
     if (reportPreviewAction) {
-        reportPreviewAction.created = DateUtils.getDBTime();
-        const message = ReportUtils.getReportPreviewMessage(iouReport, reportPreviewAction);
-        reportPreviewAction.message[0].html = message;
-        reportPreviewAction.message[0].text = message;
+        reportPreviewAction = ReportUtils.updateReportPreview(iouReport, reportPreviewAction);
     } else {
         reportPreviewAction = ReportUtils.buildOptimisticReportPreview(chatReport, iouReport);
     }
@@ -657,10 +654,7 @@ function createSplitsAndOnyxData(participants, currentUserLogin, currentUserAcco
 
         let oneOnOneReportPreviewAction = ReportActionsUtils.getReportPreviewAction(oneOnOneChatReport.reportID, oneOnOneIOUReport.reportID);
         if (oneOnOneReportPreviewAction) {
-            oneOnOneReportPreviewAction.created = DateUtils.getDBTime();
-            const message = ReportUtils.getReportPreviewMessage(oneOnOneIOUReport, oneOnOneReportPreviewAction);
-            oneOnOneReportPreviewAction.message[0].html = message;
-            oneOnOneReportPreviewAction.message[0].text = message;
+            oneOnOneReportPreviewAction = ReportUtils.updateReportPreview(oneOnOneIOUReport, oneOnOneReportPreviewAction);
         } else {
             oneOnOneReportPreviewAction = ReportUtils.buildOptimisticReportPreview(oneOnOneChatReport, oneOnOneIOUReport);
         }
@@ -1141,11 +1135,7 @@ function getPayMoneyRequestParams(chatReport, iouReport, recipient, paymentMetho
         login: recipient.login,
     };
 
-    const optimisticReportPreviewAction = ReportActionsUtils.getReportPreviewAction(chatReport.reportID, iouReport.reportID);
-    optimisticReportPreviewAction.created = DateUtils.getDBTime();
-    const message = ReportUtils.getReportPreviewMessage(iouReport, optimisticReportPreviewAction);
-    optimisticReportPreviewAction.message[0].html = message;
-    optimisticReportPreviewAction.message[0].text = message;
+    const optimisticReportPreviewAction = ReportUtils.updateReportPreview(iouReport, ReportActionsUtils.getReportPreviewAction(chatReport.reportID, iouReport.reportID));
 
     const optimisticData = [
         {