diff --git a/src/libs/ReportUtils.js b/src/libs/ReportUtils.js
index fab8b4418895..1b03c3a1bdb2 100644
--- a/src/libs/ReportUtils.js
+++ b/src/libs/ReportUtils.js
@@ -1434,7 +1434,8 @@ function getPolicyExpenseChatName(report, policy = undefined) {
  * @returns  {String}
  */
 function getMoneyRequestReportName(report, policy = undefined) {
-    const formattedAmount = CurrencyUtils.convertToDisplayString(getMoneyRequestReimbursableTotal(report), report.currency);
+    const moneyRequestTotal = getMoneyRequestReimbursableTotal(report);
+    const formattedAmount = CurrencyUtils.convertToDisplayString(moneyRequestTotal, report.currency);
     const payerName = isExpenseReport(report) ? getPolicyName(report, false, policy) : getDisplayNameForParticipant(report.managerID);
     const payerPaidAmountMesssage = Localize.translateLocal('iou.payerPaidAmount', {
         payer: payerName,
@@ -1449,7 +1450,7 @@ function getMoneyRequestReportName(report, policy = undefined) {
         return Localize.translateLocal('iou.payerSpentAmount', {payer: payerName, amount: formattedAmount});
     }
 
-    if (report.hasOutstandingIOU) {
+    if (report.hasOutstandingIOU || moneyRequestTotal === 0) {
         return Localize.translateLocal('iou.payerOwesAmount', {payer: payerName, amount: formattedAmount});
     }