diff --git a/src/CONST.ts b/src/CONST.ts
index 3d29fc4a436f..6641d456dce8 100755
--- a/src/CONST.ts
+++ b/src/CONST.ts
@@ -281,8 +281,9 @@ const CONST = {
         STEP: {
             // In the order they appear in the VBA flow
             BANK_ACCOUNT: 'BankAccountStep',
-            COMPANY: 'CompanyStep',
             REQUESTOR: 'RequestorStep',
+            COMPANY: 'CompanyStep',
+            BENEFICIAL_OWNERS: 'BeneficialOwnersStep',
             ACH_CONTRACT: 'ACHContractStep',
             VALIDATION: 'ValidationStep',
             ENABLE: 'EnableStep',
diff --git a/src/ONYXKEYS.ts b/src/ONYXKEYS.ts
index 98e3856f4544..5b2171af73f2 100755
--- a/src/ONYXKEYS.ts
+++ b/src/ONYXKEYS.ts
@@ -127,6 +127,7 @@ const ONYXKEYS = {
 
     /** Token needed to initialize Onfido */
     ONFIDO_TOKEN: 'onfidoToken',
+    ONFIDO_APPLICANT_ID: 'onfidoApplicantID',
 
     /** Indicates which locale should be used */
     NVP_PREFERRED_LOCALE: 'preferredLocale',
@@ -398,6 +399,7 @@ type OnyxValues = {
     [ONYXKEYS.IS_PLAID_DISABLED]: boolean;
     [ONYXKEYS.PLAID_LINK_TOKEN]: string;
     [ONYXKEYS.ONFIDO_TOKEN]: string;
+    [ONYXKEYS.ONFIDO_APPLICANT_ID]: string;
     [ONYXKEYS.NVP_PREFERRED_LOCALE]: OnyxTypes.Locale;
     [ONYXKEYS.USER_WALLET]: OnyxTypes.UserWallet;
     [ONYXKEYS.WALLET_ONFIDO]: OnyxTypes.WalletOnfido;
diff --git a/src/components/ReimbursementAccountLoadingIndicator.js b/src/components/ReimbursementAccountLoadingIndicator.js
index bc0e70e64419..141e056afd93 100644
--- a/src/components/ReimbursementAccountLoadingIndicator.js
+++ b/src/components/ReimbursementAccountLoadingIndicator.js
@@ -4,7 +4,6 @@ import {StyleSheet, View} from 'react-native';
 import useLocalize from '@hooks/useLocalize';
 import useThemeStyles from '@hooks/useThemeStyles';
 import FullPageOfflineBlockingView from './BlockingViews/FullPageOfflineBlockingView';
-import FullScreenLoadingIndicator from './FullscreenLoadingIndicator';
 import HeaderWithBackButton from './HeaderWithBackButton';
 import Lottie from './Lottie';
 import LottieAnimations from './LottieAnimations';
@@ -12,9 +11,6 @@ import ScreenWrapper from './ScreenWrapper';
 import Text from './Text';
 
 const propTypes = {
-    /** Whether the user is submitting verifications data */
-    isSubmittingVerificationsData: PropTypes.bool.isRequired,
-
     /** Method to trigger when pressing back button of the header */
     onBackButtonPress: PropTypes.func.isRequired,
 };
@@ -33,22 +29,18 @@ function ReimbursementAccountLoadingIndicator(props) {
                 onBackButtonPress={props.onBackButtonPress}
             />
             <FullPageOfflineBlockingView>
-                {props.isSubmittingVerificationsData ? (
-                    <View style={[styles.pageWrapper]}>
-                        <Lottie
-                            source={LottieAnimations.ReviewingBankInfo}
-                            autoPlay
-                            loop
-                            style={styles.loadingVBAAnimation}
-                            webStyle={styles.loadingVBAAnimationWeb}
-                        />
-                        <View style={[styles.ph6]}>
-                            <Text style={[styles.textAlignCenter]}>{translate('reimbursementAccountLoadingAnimation.explanationLine')}</Text>
-                        </View>
+                <View style={[styles.pageWrapper]}>
+                    <Lottie
+                        source={LottieAnimations.ReviewingBankInfo}
+                        autoPlay
+                        loop
+                        style={styles.loadingVBAAnimation}
+                        webStyle={styles.loadingVBAAnimationWeb}
+                    />
+                    <View style={[styles.ph6]}>
+                        <Text style={[styles.textAlignCenter]}>{translate('reimbursementAccountLoadingAnimation.explanationLine')}</Text>
                     </View>
-                ) : (
-                    <FullScreenLoadingIndicator style={[styles.flex1, styles.pRelative]} />
-                )}
+                </View>
             </FullPageOfflineBlockingView>
         </ScreenWrapper>
     );
diff --git a/src/hooks/useSubStep/index.ts b/src/hooks/useSubStep/index.ts
index 0efd875998e2..36d8f4bc49eb 100644
--- a/src/hooks/useSubStep/index.ts
+++ b/src/hooks/useSubStep/index.ts
@@ -15,23 +15,26 @@ export default function useSubStep<T>({bodyContent, onFinished, startFrom = 0}:
         setScreenIndex(prevScreenIndex);
     }, [screenIndex]);
 
-    const nextScreen = useCallback(() => {
-        if (isEditing.current) {
-            isEditing.current = false;
-
-            setScreenIndex(bodyContent.length - 1);
-
-            return;
-        }
-
-        const nextScreenIndex = screenIndex + 1;
-
-        if (nextScreenIndex === bodyContent.length) {
-            onFinished();
-        } else {
-            setScreenIndex(nextScreenIndex);
-        }
-    }, [screenIndex, bodyContent.length, onFinished]);
+    const nextScreen = useCallback(
+        (data?: Record<string, unknown>) => {
+            if (isEditing.current) {
+                isEditing.current = false;
+
+                setScreenIndex(bodyContent.length - 1);
+
+                return;
+            }
+
+            const nextScreenIndex = screenIndex + 1;
+
+            if (nextScreenIndex === bodyContent.length) {
+                onFinished(data);
+            } else {
+                setScreenIndex(nextScreenIndex);
+            }
+        },
+        [screenIndex, bodyContent.length, onFinished],
+    );
 
     const moveTo = useCallback((step: number) => {
         isEditing.current = true;
diff --git a/src/libs/actions/BankAccounts.ts b/src/libs/actions/BankAccounts.ts
index c32cf0a4306e..35bbcee98300 100644
--- a/src/libs/actions/BankAccounts.ts
+++ b/src/libs/actions/BankAccounts.ts
@@ -11,7 +11,7 @@ import type {BankAccountStep, BankAccountSubStep} from '@src/types/onyx/Reimburs
 import type {
     ACHContractStepProps,
     BankAccountStepProps,
-    BeneficialOwnersStepDraftProps,
+    BeneficialOwnersStepProps,
     CompanyStepProps,
     OnfidoData,
     ReimbursementAccountProps,
@@ -97,6 +97,7 @@ function clearPersonalBankAccount() {
 
 function clearOnfidoToken() {
     Onyx.merge(ONYXKEYS.ONFIDO_TOKEN, '');
+    Onyx.merge(ONYXKEYS.ONFIDO_APPLICANT_ID, '');
 }
 
 /**
@@ -168,6 +169,7 @@ function connectBankAccountWithPlaid(bankAccountID: number, selectedPlaidBankAcc
         bank?: string;
         plaidAccountID: string;
         plaidAccessToken: string;
+        canUseNewVbbaFlow: boolean;
     };
 
     const parameters: ConnectBankAccountWithPlaidParams = {
@@ -177,6 +179,7 @@ function connectBankAccountWithPlaid(bankAccountID: number, selectedPlaidBankAcc
         bank: selectedPlaidBankAccount.bankName,
         plaidAccountID: selectedPlaidBankAccount.plaidAccountID,
         plaidAccessToken: selectedPlaidBankAccount.plaidAccessToken,
+        canUseNewVbbaFlow: true,
     };
 
     API.write(commandName, parameters, getVBBADataForOnyx());
@@ -284,7 +287,14 @@ function deletePaymentBankAccount(bankAccountID: number) {
  * This action is called by the requestor step in the Verified Bank Account flow
  */
 function updatePersonalInformationForBankAccount(params: RequestorStepProps) {
-    API.write('UpdatePersonalInformationForBankAccount', params, getVBBADataForOnyx(CONST.BANK_ACCOUNT.STEP.REQUESTOR));
+    API.write(
+        'UpdatePersonalInformationForBankAccount',
+        {
+            ...params,
+            canUseNewVbbaFlow: true,
+        },
+        getVBBADataForOnyx(CONST.BANK_ACCOUNT.STEP.REQUESTOR),
+    );
 }
 
 function validateBankAccount(bankAccountID: number, validateCode: string) {
@@ -386,25 +396,32 @@ function openReimbursementAccountPage(stepToOpen: ReimbursementAccountStep, subS
  * Updates the bank account in the database with the company step data
  */
 function updateCompanyInformationForBankAccount(bankAccount: BankAccountCompanyInformation, policyID: string) {
-    type UpdateCompanyInformationForBankAccountParams = BankAccountCompanyInformation & {policyID: string};
+    type UpdateCompanyInformationForBankAccountParams = BankAccountCompanyInformation & {
+        policyID: string;
+        canUseNewVbbaFlow: boolean;
+    };
 
-    const parameters: UpdateCompanyInformationForBankAccountParams = {...bankAccount, policyID};
+    const parameters: UpdateCompanyInformationForBankAccountParams = {
+        ...bankAccount,
+        policyID,
+        canUseNewVbbaFlow: true,
+    };
 
     API.write('UpdateCompanyInformationForBankAccount', parameters, getVBBADataForOnyx(CONST.BANK_ACCOUNT.STEP.COMPANY));
 }
 
 /**
- * Add beneficial owners for the bank account to the draft
+ * Add beneficial owners for the bank account and verify the accuracy of the information provided
  */
-function updateBeneficialOwnersForBankAccountDraft(params: BeneficialOwnersStepDraftProps) {
-    Onyx.merge(ONYXKEYS.REIMBURSEMENT_ACCOUNT_DRAFT, params);
+function updateBeneficialOwnersForBankAccount(params: BeneficialOwnersStepProps) {
+    API.write('UpdateBeneficialOwnersForBankAccount', {...params, canUseNewVbbaFlow: true}, getVBBADataForOnyx());
 }
 
 /**
- * Add beneficial owners for the bank account, accept the ACH terms and conditions and verify the accuracy of the information provided
+ * accept the ACH terms and conditions and verify the accuracy of the information provided
  */
-function updateBeneficialOwnersForBankAccount(params: ACHContractStepProps) {
-    API.write('UpdateBeneficialOwnersForBankAccount', params, getVBBADataForOnyx());
+function acceptACHContractForBankAccount(params: ACHContractStepProps) {
+    API.write('AcceptACHContractForBankAccount', {...params, canUseNewVbbaFlow: true}, getVBBADataForOnyx());
 }
 
 /**
@@ -417,6 +434,7 @@ function connectBankAccountManually(bankAccountID: number, accountNumber?: strin
         accountNumber?: string;
         routingNumber?: string;
         plaidMask?: string;
+        canUseNewVbbaFlow: boolean;
     };
 
     const parameters: ConnectBankAccountManuallyParams = {
@@ -424,6 +442,7 @@ function connectBankAccountManually(bankAccountID: number, accountNumber?: strin
         accountNumber,
         routingNumber,
         plaidMask,
+        canUseNewVbbaFlow: true,
     };
 
     API.write('ConnectBankAccountManually', parameters, getVBBADataForOnyx(CONST.BANK_ACCOUNT.STEP.BANK_ACCOUNT));
@@ -436,11 +455,13 @@ function verifyIdentityForBankAccount(bankAccountID: number, onfidoData: OnfidoD
     type VerifyIdentityForBankAccountParams = {
         bankAccountID: number;
         onfidoData: string;
+        canUseNewVbbaFlow: boolean;
     };
 
     const parameters: VerifyIdentityForBankAccountParams = {
         bankAccountID,
         onfidoData: JSON.stringify(onfidoData),
+        canUseNewVbbaFlow: true,
     };
 
     API.write('VerifyIdentityForBankAccount', parameters, getVBBADataForOnyx());
@@ -508,6 +529,7 @@ function setReimbursementAccountLoading(isLoading: boolean) {
 }
 
 export {
+    acceptACHContractForBankAccount,
     addBusinessWebsiteForDraft,
     addBusinessAddressForDraft,
     addPersonalAddressForDraft,
@@ -526,7 +548,6 @@ export {
     clearReimbursementAccount,
     openReimbursementAccountPage,
     updateBeneficialOwnersForBankAccount,
-    updateBeneficialOwnersForBankAccountDraft,
     updateCompanyInformationForBankAccount,
     updatePersonalInformationForBankAccount,
     openWorkspaceView,
diff --git a/src/libs/actions/ReimbursementAccount/resetFreePlanBankAccount.js b/src/libs/actions/ReimbursementAccount/resetFreePlanBankAccount.js
index 14c988033689..476f80a4af4f 100644
--- a/src/libs/actions/ReimbursementAccount/resetFreePlanBankAccount.js
+++ b/src/libs/actions/ReimbursementAccount/resetFreePlanBankAccount.js
@@ -43,6 +43,11 @@ function resetFreePlanBankAccount(bankAccountID, session) {
                     key: ONYXKEYS.ONFIDO_TOKEN,
                     value: '',
                 },
+                {
+                    onyxMethod: Onyx.METHOD.SET,
+                    key: ONYXKEYS.ONFIDO_APPLICANT_ID,
+                    value: '',
+                },
                 {
                     onyxMethod: Onyx.METHOD.SET,
                     key: ONYXKEYS.PLAID_DATA,
diff --git a/src/pages/ReimbursementAccount/ACHContractStep.js b/src/pages/ReimbursementAccount/ACHContractStep.js
index 07f0828fe67f..5204ba7d3fc3 100644
--- a/src/pages/ReimbursementAccount/ACHContractStep.js
+++ b/src/pages/ReimbursementAccount/ACHContractStep.js
@@ -1,6 +1,5 @@
 import PropTypes from 'prop-types';
-import React, {useState} from 'react';
-import BeneficialOwnerInfo from './BeneficialOwnerInfo/BeneficialOwnerInfo';
+import React from 'react';
 import CompleteVerification from './CompleteVerification/CompleteVerification';
 
 const propTypes = {
@@ -12,23 +11,10 @@ const propTypes = {
 };
 
 function ACHContractStep({onBackButtonPress, onCloseButtonPress}) {
-    const [isBeneficialOwnerInfoSet, setIsBeneficialOwnerInfoSet] = useState(false);
-    const handleCompleteVerificationBackButtonPress = () => setIsBeneficialOwnerInfoSet(false);
-
-    if (isBeneficialOwnerInfoSet) {
-        return (
-            <CompleteVerification
-                onBackButtonPress={handleCompleteVerificationBackButtonPress}
-                onCloseButtonPress={onCloseButtonPress}
-            />
-        );
-    }
-
     return (
-        <BeneficialOwnerInfo
+        <CompleteVerification
             onBackButtonPress={onBackButtonPress}
             onCloseButtonPress={onCloseButtonPress}
-            setIsBeneficialOwnerInfoSet={setIsBeneficialOwnerInfoSet}
         />
     );
 }
diff --git a/src/pages/ReimbursementAccount/BankInfo/substeps/Confirmation.tsx b/src/pages/ReimbursementAccount/BankInfo/substeps/Confirmation.tsx
index 0ad09825ed69..15971bc82bbc 100644
--- a/src/pages/ReimbursementAccount/BankInfo/substeps/Confirmation.tsx
+++ b/src/pages/ReimbursementAccount/BankInfo/substeps/Confirmation.tsx
@@ -39,10 +39,15 @@ function Confirmation({reimbursementAccount, reimbursementAccountDraft, onNext}:
 
     const isLoading = reimbursementAccount?.isLoading ?? false;
     const setupType = reimbursementAccount?.achData?.subStep ?? '';
+    const bankAccountID = Number(reimbursementAccount?.achData?.[bankInfoStepKeys.BANK_ACCOUNT_ID] ?? '0');
     const values = useMemo(() => getSubstepValues(bankInfoStepKeys, reimbursementAccountDraft ?? {}, reimbursementAccount ?? {}), [reimbursementAccount, reimbursementAccountDraft]);
     const error = ErrorUtils.getLatestErrorMessage(reimbursementAccount ?? {});
 
     const handleConnectDifferentAccount = () => {
+        if (bankAccountID) {
+            ReimbursementAccount.requestResetFreePlanBankAccount();
+            return;
+        }
         const bankAccountData = {
             [bankInfoStepKeys.ROUTING_NUMBER]: '',
             [bankInfoStepKeys.ACCOUNT_NUMBER]: '',
diff --git a/src/pages/ReimbursementAccount/BeneficialOwnerInfo/BeneficialOwnerInfo.tsx b/src/pages/ReimbursementAccount/BeneficialOwnersStep.tsx
similarity index 90%
rename from src/pages/ReimbursementAccount/BeneficialOwnerInfo/BeneficialOwnerInfo.tsx
rename to src/pages/ReimbursementAccount/BeneficialOwnersStep.tsx
index e5145ef3ad55..ea8ae29e167c 100644
--- a/src/pages/ReimbursementAccount/BeneficialOwnerInfo/BeneficialOwnerInfo.tsx
+++ b/src/pages/ReimbursementAccount/BeneficialOwnersStep.tsx
@@ -15,13 +15,13 @@ import * as FormActions from '@userActions/FormActions';
 import CONST from '@src/CONST';
 import ONYXKEYS from '@src/ONYXKEYS';
 import type {ReimbursementAccount, ReimbursementAccountDraft} from '@src/types/onyx';
-import BeneficialOwnerCheckUBO from './substeps/BeneficialOwnerCheckUBO';
-import AddressUBO from './substeps/BeneficialOwnerDetailsFormSubsteps/AddressUBO';
-import ConfirmationUBO from './substeps/BeneficialOwnerDetailsFormSubsteps/ConfirmationUBO';
-import DateOfBirthUBO from './substeps/BeneficialOwnerDetailsFormSubsteps/DateOfBirthUBO';
-import LegalNameUBO from './substeps/BeneficialOwnerDetailsFormSubsteps/LegalNameUBO';
-import SocialSecurityNumberUBO from './substeps/BeneficialOwnerDetailsFormSubsteps/SocialSecurityNumberUBO';
-import CompanyOwnersListUBO from './substeps/CompanyOwnersListUBO';
+import BeneficialOwnerCheckUBO from './BeneficialOwnerInfo/substeps/BeneficialOwnerCheckUBO';
+import AddressUBO from './BeneficialOwnerInfo/substeps/BeneficialOwnerDetailsFormSubsteps/AddressUBO';
+import ConfirmationUBO from './BeneficialOwnerInfo/substeps/BeneficialOwnerDetailsFormSubsteps/ConfirmationUBO';
+import DateOfBirthUBO from './BeneficialOwnerInfo/substeps/BeneficialOwnerDetailsFormSubsteps/DateOfBirthUBO';
+import LegalNameUBO from './BeneficialOwnerInfo/substeps/BeneficialOwnerDetailsFormSubsteps/LegalNameUBO';
+import SocialSecurityNumberUBO from './BeneficialOwnerInfo/substeps/BeneficialOwnerDetailsFormSubsteps/SocialSecurityNumberUBO';
+import CompanyOwnersListUBO from './BeneficialOwnerInfo/substeps/CompanyOwnersListUBO';
 
 type BeneficialOwnerInfoOnyxProps = {
     /** Reimbursement account from ONYX */
@@ -31,15 +31,12 @@ type BeneficialOwnerInfoOnyxProps = {
     reimbursementAccountDraft: OnyxEntry<ReimbursementAccountDraft>;
 };
 
-type BeneficialOwnerInfoProps = {
+type BeneficialOwnersStepProps = {
     /** Goes to the previous step */
     onBackButtonPress: () => void;
 
     /** Exits flow and goes back to the workspace initial page */
     onCloseButtonPress: () => void;
-
-    /** Changes variable responsible for displaying step 4 or 5 */
-    setIsBeneficialOwnerInfoSet: (newState: boolean) => void;
 } & BeneficialOwnerInfoOnyxProps;
 
 const BODY_CONTENT: Array<React.ComponentType<SubStepProps & {beneficialOwnerBeingModifiedID: string; setBeneficialOwnerBeingModifiedID?: (id: string) => void}>> = [
@@ -52,7 +49,7 @@ const BODY_CONTENT: Array<React.ComponentType<SubStepProps & {beneficialOwnerBei
 const SUBSTEP = CONST.BANK_ACCOUNT.BENEFICIAL_OWNER_INFO_STEP.SUBSTEP;
 const MAX_NUMBER_OF_UBOS = 4;
 
-function BeneficialOwnerInfo({reimbursementAccount, reimbursementAccountDraft, onBackButtonPress, onCloseButtonPress, setIsBeneficialOwnerInfoSet}: BeneficialOwnerInfoProps) {
+function BeneficialOwnersStep({reimbursementAccount, reimbursementAccountDraft, onBackButtonPress, onCloseButtonPress}: BeneficialOwnersStepProps) {
     const {translate} = useLocalize();
     const styles = useThemeStyles();
     const companyName = reimbursementAccount?.achData?.companyName ?? '';
@@ -85,12 +82,11 @@ function BeneficialOwnerInfo({reimbursementAccount, reimbursementAccountDraft, o
             ),
         );
 
-        BankAccounts.updateBeneficialOwnersForBankAccountDraft({
+        BankAccounts.updateBeneficialOwnersForBankAccount({
             ownsMoreThan25Percent: isUserUBO,
             beneficialOwners: JSON.stringify(beneficialOwners),
             beneficialOwnerKeys,
         });
-        setIsBeneficialOwnerInfoSet(true);
     };
 
     const addBeneficialOwner = (beneficialOwnerID: string) => {
@@ -219,7 +215,7 @@ function BeneficialOwnerInfo({reimbursementAccount, reimbursementAccountDraft, o
 
     return (
         <ScreenWrapper
-            testID={BeneficialOwnerInfo.displayName}
+            testID={BeneficialOwnersStep.displayName}
             includeSafeAreaPaddingBottom={false}
             shouldEnablePickerAvoiding={false}
             shouldEnableMaxHeight
@@ -284,13 +280,13 @@ function BeneficialOwnerInfo({reimbursementAccount, reimbursementAccountDraft, o
     );
 }
 
-BeneficialOwnerInfo.displayName = 'BeneficialOwnerInfo';
+BeneficialOwnersStep.displayName = 'BeneficialOwnersStep';
 
-export default withOnyx<BeneficialOwnerInfoProps, BeneficialOwnerInfoOnyxProps>({
+export default withOnyx<BeneficialOwnersStepProps, BeneficialOwnerInfoOnyxProps>({
     reimbursementAccount: {
         key: ONYXKEYS.REIMBURSEMENT_ACCOUNT,
     },
     reimbursementAccountDraft: {
         key: ONYXKEYS.REIMBURSEMENT_ACCOUNT_DRAFT,
     },
-})(BeneficialOwnerInfo);
+})(BeneficialOwnersStep);
diff --git a/src/pages/ReimbursementAccount/BusinessInfo/BusinessInfo.tsx b/src/pages/ReimbursementAccount/BusinessInfo/BusinessInfo.tsx
index 3bf0b7180664..65c621435993 100644
--- a/src/pages/ReimbursementAccount/BusinessInfo/BusinessInfo.tsx
+++ b/src/pages/ReimbursementAccount/BusinessInfo/BusinessInfo.tsx
@@ -114,7 +114,7 @@ function BusinessInfo({reimbursementAccount, reimbursementAccountDraft, policyID
             />
             <View style={[styles.ph5, styles.mv3, {height: CONST.BANK_ACCOUNT.STEPS_HEADER_HEIGHT}]}>
                 <InteractiveStepSubHeader
-                    startStepIndex={1}
+                    startStepIndex={3}
                     stepNames={CONST.BANK_ACCOUNT.STEP_NAMES}
                 />
             </View>
diff --git a/src/pages/ReimbursementAccount/BusinessInfo/substeps/NameBusiness.tsx b/src/pages/ReimbursementAccount/BusinessInfo/substeps/NameBusiness.tsx
index f35010b3c224..1e0bf5584a30 100644
--- a/src/pages/ReimbursementAccount/BusinessInfo/substeps/NameBusiness.tsx
+++ b/src/pages/ReimbursementAccount/BusinessInfo/substeps/NameBusiness.tsx
@@ -35,7 +35,7 @@ function NameBusiness({reimbursementAccount, onNext, isEditing}: NameBusinessPro
 
     const bankAccountID = getDefaultValueForReimbursementAccountField(reimbursementAccount, 'bankAccountID', 0);
 
-    const shouldDisableCompanyName = Boolean(bankAccountID && defaultCompanyName);
+    const shouldDisableCompanyName = Boolean(bankAccountID && defaultCompanyName && reimbursementAccount?.achData?.state !== 'SETUP');
 
     return (
         // @ts-expect-error TODO: Remove this once FormProvider (https://github.com/Expensify/App/issues/31972) is migrated to TypeScript
diff --git a/src/pages/ReimbursementAccount/BusinessInfo/substeps/TaxIdBusiness.tsx b/src/pages/ReimbursementAccount/BusinessInfo/substeps/TaxIdBusiness.tsx
index f2653cd26879..49b9acf82045 100644
--- a/src/pages/ReimbursementAccount/BusinessInfo/substeps/TaxIdBusiness.tsx
+++ b/src/pages/ReimbursementAccount/BusinessInfo/substeps/TaxIdBusiness.tsx
@@ -43,7 +43,7 @@ function TaxIdBusiness({reimbursementAccount, onNext, isEditing}: TaxIdBusinessP
 
     const bankAccountID = getDefaultValueForReimbursementAccountField(reimbursementAccount, 'bankAccountID', 0);
 
-    const shouldDisableCompanyTaxID = Boolean(bankAccountID && defaultCompanyTaxId);
+    const shouldDisableCompanyTaxID = Boolean(bankAccountID && defaultCompanyTaxId && reimbursementAccount?.achData?.state !== 'SETUP');
 
     return (
         // @ts-expect-error TODO: Remove this once FormProvider (https://github.com/Expensify/App/issues/31972) is migrated to TypeScript
diff --git a/src/pages/ReimbursementAccount/CompleteVerification/CompleteVerification.tsx b/src/pages/ReimbursementAccount/CompleteVerification/CompleteVerification.tsx
index 6ba89c0ec3e4..93e61afd2f9a 100644
--- a/src/pages/ReimbursementAccount/CompleteVerification/CompleteVerification.tsx
+++ b/src/pages/ReimbursementAccount/CompleteVerification/CompleteVerification.tsx
@@ -35,7 +35,6 @@ type CompleteVerificationProps = CompleteVerificationOnyxProps & {
 
 const BODY_CONTENT: Array<ComponentType<SubStepProps>> = [ConfirmAgreements];
 const COMPLETE_VERIFICATION_KEYS = CONST.BANK_ACCOUNT.COMPLETE_VERIFICATION.INPUT_KEY;
-const BENEFICIAL_OWNER_INFO_STEP_KEYS = CONST.BANK_ACCOUNT.BENEFICIAL_OWNER_INFO_STEP.INPUT_KEY;
 
 function CompleteVerification({reimbursementAccount, reimbursementAccountDraft, onBackButtonPress, onCloseButtonPress}: CompleteVerificationProps) {
     const {translate} = useLocalize();
@@ -50,13 +49,11 @@ function CompleteVerification({reimbursementAccount, reimbursementAccountDraft,
             certifyTrueInformation: values.certifyTrueInformation,
             acceptTermsAndConditions: values.acceptTermsAndConditions,
         };
-        const beneficialOwnersStepValues = getSubstepValues(BENEFICIAL_OWNER_INFO_STEP_KEYS, reimbursementAccountDraft, reimbursementAccount);
 
-        BankAccounts.updateBeneficialOwnersForBankAccount({
-            ...beneficialOwnersStepValues,
+        BankAccounts.acceptACHContractForBankAccount({
             ...payload,
         });
-    }, [reimbursementAccount, reimbursementAccountDraft, values]);
+    }, [reimbursementAccount, values]);
 
     const {componentToRender: SubStep, isEditing, screenIndex, nextScreen, prevScreen, moveTo} = useSubStep({bodyContent: BODY_CONTENT, startFrom: 0, onFinished: submit});
 
diff --git a/src/pages/ReimbursementAccount/ReimbursementAccountPage.js b/src/pages/ReimbursementAccount/ReimbursementAccountPage.js
index 3c5bf46c3a93..70121e313e32 100644
--- a/src/pages/ReimbursementAccount/ReimbursementAccountPage.js
+++ b/src/pages/ReimbursementAccount/ReimbursementAccountPage.js
@@ -27,6 +27,7 @@ import ONYXKEYS from '@src/ONYXKEYS';
 import ROUTES from '@src/ROUTES';
 import ACHContractStep from './ACHContractStep';
 import BankAccountStep from './BankAccountStep';
+import BeneficialOwnersStep from './BeneficialOwnersStep';
 import CompanyStep from './CompanyStep';
 import ConnectBankAccount from './ConnectBankAccount/ConnectBankAccount';
 import ContinueBankAccountSetup from './ContinueBankAccountSetup';
@@ -105,6 +106,7 @@ const defaultProps = {
 const ROUTE_NAMES = {
     COMPANY: 'company',
     PERSONAL_INFORMATION: 'personal-information',
+    BENEFICIAL_OWNERS: 'beneficial-owners',
     CONTRACT: 'contract',
     VALIDATE: 'validate',
     ENABLE: 'enable',
@@ -125,6 +127,8 @@ function getStepToOpenFromRouteParams(route) {
             return CONST.BANK_ACCOUNT.STEP.COMPANY;
         case ROUTE_NAMES.PERSONAL_INFORMATION:
             return CONST.BANK_ACCOUNT.STEP.REQUESTOR;
+        case ROUTE_NAMES.BENEFICIAL_OWNERS:
+            return CONST.BANK_ACCOUNT.STEP.BENEFICIAL_OWNERS;
         case ROUTE_NAMES.CONTRACT:
             return CONST.BANK_ACCOUNT.STEP.ACH_CONTRACT;
         case ROUTE_NAMES.VALIDATE:
@@ -146,6 +150,8 @@ function getRouteForCurrentStep(currentStep) {
             return ROUTE_NAMES.COMPANY;
         case CONST.BANK_ACCOUNT.STEP.REQUESTOR:
             return ROUTE_NAMES.PERSONAL_INFORMATION;
+        case CONST.BANK_ACCOUNT.STEP.BENEFICIAL_OWNERS:
+            return ROUTE_NAMES.BENEFICIAL_OWNERS;
         case CONST.BANK_ACCOUNT.STEP.ACH_CONTRACT:
             return ROUTE_NAMES.CONTRACT;
         case CONST.BANK_ACCOUNT.STEP.VALIDATION:
@@ -370,20 +376,24 @@ function ReimbursementAccountPage({reimbursementAccount, route, onfidoToken, pol
                 break;
 
             case CONST.BANK_ACCOUNT.STEP.COMPANY:
-                BankAccounts.goToWithdrawalAccountSetupStep(CONST.BANK_ACCOUNT.STEP.BANK_ACCOUNT);
+                BankAccounts.clearOnfidoToken();
+                BankAccounts.goToWithdrawalAccountSetupStep(CONST.BANK_ACCOUNT.STEP.REQUESTOR);
                 break;
 
             case CONST.BANK_ACCOUNT.STEP.REQUESTOR:
                 if (shouldShowOnfido) {
                     BankAccounts.clearOnfidoToken();
                 } else {
-                    BankAccounts.goToWithdrawalAccountSetupStep(CONST.BANK_ACCOUNT.STEP.COMPANY);
+                    BankAccounts.goToWithdrawalAccountSetupStep(CONST.BANK_ACCOUNT.STEP.BANK_ACCOUNT, {subStep: CONST.BANK_ACCOUNT.SUBSTEP.MANUAL});
                 }
                 break;
 
+            case CONST.BANK_ACCOUNT.STEP.BENEFICIAL_OWNERS:
+                BankAccounts.goToWithdrawalAccountSetupStep(CONST.BANK_ACCOUNT.STEP.COMPANY);
+                break;
+
             case CONST.BANK_ACCOUNT.STEP.ACH_CONTRACT:
-                BankAccounts.clearOnfidoToken();
-                BankAccounts.goToWithdrawalAccountSetupStep(CONST.BANK_ACCOUNT.STEP.REQUESTOR);
+                BankAccounts.goToWithdrawalAccountSetupStep(CONST.BANK_ACCOUNT.STEP.BENEFICIAL_OWNERS);
                 break;
 
             case CONST.BANK_ACCOUNT.STEP.VALIDATION:
@@ -415,20 +425,24 @@ function ReimbursementAccountPage({reimbursementAccount, route, onfidoToken, pol
 
     const isLoading = (isLoadingApp || account.isLoading || reimbursementAccount.isLoading) && (!plaidCurrentEvent || plaidCurrentEvent === CONST.BANK_ACCOUNT.PLAID.EVENTS_NAME.EXIT);
     const shouldShowOfflineLoader = !(
-        isOffline && _.contains([CONST.BANK_ACCOUNT.STEP.BANK_ACCOUNT, CONST.BANK_ACCOUNT.STEP.COMPANY, CONST.BANK_ACCOUNT.STEP.REQUESTOR, CONST.BANK_ACCOUNT.STEP.ACH_CONTRACT], currentStep)
+        isOffline &&
+        _.contains(
+            [
+                CONST.BANK_ACCOUNT.STEP.BANK_ACCOUNT,
+                CONST.BANK_ACCOUNT.STEP.COMPANY,
+                CONST.BANK_ACCOUNT.STEP.REQUESTOR,
+                CONST.BANK_ACCOUNT.STEP.BENEFICIAL_OWNERS,
+                CONST.BANK_ACCOUNT.STEP.ACH_CONTRACT,
+            ],
+            currentStep,
+        )
     );
 
     // Show loading indicator when page is first time being opened and props.reimbursementAccount yet to be loaded from the server
     // or when data is being loaded. Don't show the loading indicator if we're offline and restarted the bank account setup process
     // On Android, when we open the app from the background, Onfido activity gets destroyed, so we need to reopen it.
     if ((!hasACHDataBeenLoaded || isLoading) && shouldShowOfflineLoader && (shouldReopenOnfido || !requestorStepRef.current)) {
-        const isSubmittingVerificationsData = _.contains([CONST.BANK_ACCOUNT.STEP.COMPANY, CONST.BANK_ACCOUNT.STEP.REQUESTOR, CONST.BANK_ACCOUNT.STEP.ACH_CONTRACT], currentStep);
-        return (
-            <ReimbursementAccountLoadingIndicator
-                isSubmittingVerificationsData={isSubmittingVerificationsData}
-                onBackButtonPress={goBack}
-            />
-        );
+        return <ReimbursementAccountLoadingIndicator onBackButtonPress={goBack} />;
     }
 
     let errorText;
@@ -510,6 +524,15 @@ function ReimbursementAccountPage({reimbursementAccount, route, onfidoToken, pol
         );
     }
 
+    if (currentStep === CONST.BANK_ACCOUNT.STEP.BENEFICIAL_OWNERS) {
+        return (
+            <BeneficialOwnersStep
+                onBackButtonPress={goBack}
+                onCloseButtonPress={goBackToWorkspace}
+            />
+        );
+    }
+
     if (currentStep === CONST.BANK_ACCOUNT.STEP.ACH_CONTRACT) {
         return (
             <ACHContractStep
diff --git a/src/pages/ReimbursementAccount/RequestorOnfidoStep.js b/src/pages/ReimbursementAccount/RequestorOnfidoStep.js
index b149e28d7f11..fda5c9b88b1a 100644
--- a/src/pages/ReimbursementAccount/RequestorOnfidoStep.js
+++ b/src/pages/ReimbursementAccount/RequestorOnfidoStep.js
@@ -24,21 +24,24 @@ const propTypes = {
 
     /** The token required to initialize the Onfido SDK */
     onfidoToken: PropTypes.string,
+
+    onfidoApplicantID: PropTypes.string,
 };
 
 const defaultProps = {
     onfidoToken: null,
+    onfidoApplicantID: null,
 };
 
 const HEADER_STEP_COUNTER = {step: 3, total: 5};
 const ONFIDO_ERROR_DISPLAY_DURATION = 10000;
 
-function RequestorOnfidoStep({onBackButtonPress, reimbursementAccount, onfidoToken}) {
+function RequestorOnfidoStep({onBackButtonPress, reimbursementAccount, onfidoToken, onfidoApplicantID}) {
     const styles = useThemeStyles();
     const {translate} = useLocalize();
 
     const submitOnfidoData = (onfidoData) => {
-        BankAccounts.verifyIdentityForBankAccount(lodashGet(reimbursementAccount, 'achData.bankAccountID', 0), onfidoData);
+        BankAccounts.verifyIdentityForBankAccount(lodashGet(reimbursementAccount, 'achData.bankAccountID', 0), {...onfidoData, applicantID: onfidoApplicantID});
         BankAccounts.updateReimbursementAccountDraft({isOnfidoSetupComplete: true});
     };
 
@@ -90,4 +93,7 @@ export default withOnyx({
     onfidoToken: {
         key: ONYXKEYS.ONFIDO_TOKEN,
     },
+    onfidoApplicantID: {
+        key: ONYXKEYS.ONFIDO_APPLICANT_ID,
+    },
 })(RequestorOnfidoStep);
diff --git a/src/pages/ReimbursementAccount/VerifyIdentity/VerifyIdentity.tsx b/src/pages/ReimbursementAccount/VerifyIdentity/VerifyIdentity.tsx
index a1645512a5ab..e3f92ba1680b 100644
--- a/src/pages/ReimbursementAccount/VerifyIdentity/VerifyIdentity.tsx
+++ b/src/pages/ReimbursementAccount/VerifyIdentity/VerifyIdentity.tsx
@@ -19,6 +19,9 @@ import OnfidoInitialize from './substeps/OnfidoInitialize';
 type VerifyIdentityOnyxProps = {
     /** Reimbursement account from ONYX */
     reimbursementAccount: OnyxEntry<ReimbursementAccount>;
+
+    /** Onfido applicant ID from ONYX */
+    onfidoApplicantID: OnyxEntry<string>;
 };
 
 type VerifyIdentityProps = VerifyIdentityOnyxProps & {
@@ -31,20 +34,19 @@ type VerifyIdentityProps = VerifyIdentityOnyxProps & {
 
 const bodyContent: Array<React.ComponentType<SubStepProps>> = [OnfidoInitialize];
 
-function VerifyIdentity({reimbursementAccount, onBackButtonPress, onCloseButtonPress}: VerifyIdentityProps) {
+function VerifyIdentity({reimbursementAccount, onBackButtonPress, onCloseButtonPress, onfidoApplicantID}: VerifyIdentityProps) {
     const styles = useThemeStyles();
     const {translate} = useLocalize();
-
     const submit = useCallback(
         (onfidoData?: OnfidoData) => {
             if (!onfidoData) {
                 return;
             }
 
-            BankAccounts.verifyIdentityForBankAccount(reimbursementAccount?.achData?.bankAccountID ?? 0, onfidoData);
+            BankAccounts.verifyIdentityForBankAccount(reimbursementAccount?.achData?.bankAccountID ?? 0, {...onfidoData, applicantID: onfidoApplicantID});
             BankAccounts.updateReimbursementAccountDraft({isOnfidoSetupComplete: true});
         },
-        [reimbursementAccount],
+        [reimbursementAccount, onfidoApplicantID],
     );
 
     const {componentToRender: SubStep, isEditing, moveTo, nextScreen} = useSubStep({bodyContent, startFrom: 0, onFinished: submit});
@@ -60,7 +62,7 @@ function VerifyIdentity({reimbursementAccount, onBackButtonPress, onCloseButtonP
             <View style={[styles.ph5, styles.mv3, {height: CONST.BANK_ACCOUNT.STEPS_HEADER_HEIGHT}]}>
                 <InteractiveStepSubHeader
                     onStepSelected={() => {}}
-                    startStepIndex={3}
+                    startStepIndex={2}
                     stepNames={CONST.BANK_ACCOUNT.STEP_NAMES}
                 />
             </View>
@@ -79,4 +81,7 @@ export default withOnyx<VerifyIdentityProps, VerifyIdentityOnyxProps>({
     reimbursementAccount: {
         key: ONYXKEYS.REIMBURSEMENT_ACCOUNT,
     },
+    onfidoApplicantID: {
+        key: ONYXKEYS.ONFIDO_APPLICANT_ID,
+    },
 })(VerifyIdentity);
diff --git a/src/types/onyx/ReimbursementAccount.ts b/src/types/onyx/ReimbursementAccount.ts
index dff0b201457c..c7726db1dca0 100644
--- a/src/types/onyx/ReimbursementAccount.ts
+++ b/src/types/onyx/ReimbursementAccount.ts
@@ -2,7 +2,7 @@ import type {ValueOf} from 'type-fest';
 import type CONST from '@src/CONST';
 import type {BankName} from './Bank';
 import type * as OnyxCommon from './OnyxCommon';
-import type {BeneficialOwnersStepDraftProps, CompanyStepProps, RequestorStepProps} from './ReimbursementAccountDraft';
+import type {BeneficialOwnersStepProps, CompanyStepProps, RequestorStepProps} from './ReimbursementAccountDraft';
 
 type BankAccountStep = ValueOf<typeof CONST.BANK_ACCOUNT.STEP>;
 
@@ -32,7 +32,7 @@ type ACHData = {
 
     /** Bank account owner name */
     addressName?: string;
-} & BeneficialOwnersStepDraftProps &
+} & BeneficialOwnersStepProps &
     CompanyStepProps &
     RequestorStepProps;
 
diff --git a/src/types/onyx/ReimbursementAccountDraft.ts b/src/types/onyx/ReimbursementAccountDraft.ts
index dd00bdda5942..4adf85f4896e 100644
--- a/src/types/onyx/ReimbursementAccountDraft.ts
+++ b/src/types/onyx/ReimbursementAccountDraft.ts
@@ -37,7 +37,7 @@ type RequestorStepProps = {
     onfidoData?: OnfidoData;
 };
 
-type BeneficialOwnersStepDraftProps = {
+type BeneficialOwnersStepProps = {
     ownsMoreThan25Percent?: boolean;
     hasOtherBeneficialOwners?: boolean;
     beneficialOwners?: string;
@@ -45,13 +45,9 @@ type BeneficialOwnersStepDraftProps = {
 };
 
 type ACHContractStepProps = {
-    ownsMoreThan25Percent?: boolean;
-    hasOtherBeneficialOwners?: boolean;
     acceptTermsAndConditions?: boolean;
     certifyTrueInformation?: boolean;
     isAuthorizedToUseBankAccount?: boolean;
-    beneficialOwners?: string;
-    beneficialOwnerKeys?: string[];
 };
 
 type ReimbursementAccountProps = {
@@ -67,16 +63,13 @@ type ReimbursementAccountProps = {
 // BeneficialOwnerDraftData is saved under dynamic key which consists of prefix, beneficial owner ID and input key
 type BeneficialOwnerDraftData = Record<`beneficialOwner_${string}_${string}`, string>;
 
-type ReimbursementAccountDraft = BankAccountStepProps & CompanyStepProps & RequestorStepProps & ACHContractStepProps & ReimbursementAccountProps & BeneficialOwnerDraftData;
+type ReimbursementAccountDraft = BankAccountStepProps &
+    CompanyStepProps &
+    RequestorStepProps &
+    BeneficialOwnersStepProps &
+    ACHContractStepProps &
+    ReimbursementAccountProps &
+    BeneficialOwnerDraftData;
 
 export default ReimbursementAccountDraft;
-export type {
-    ACHContractStepProps,
-    BeneficialOwnersStepDraftProps,
-    RequestorStepProps,
-    OnfidoData,
-    BankAccountStepProps,
-    CompanyStepProps,
-    ReimbursementAccountProps,
-    BeneficialOwnerDraftData,
-};
+export type {ACHContractStepProps, BeneficialOwnersStepProps, RequestorStepProps, OnfidoData, BankAccountStepProps, CompanyStepProps, ReimbursementAccountProps, BeneficialOwnerDraftData};