diff --git a/src/ONYXKEYS.ts b/src/ONYXKEYS.ts
index 0d22d3714fe6..7e18cc0acd98 100755
--- a/src/ONYXKEYS.ts
+++ b/src/ONYXKEYS.ts
@@ -151,8 +151,8 @@ const ONYXKEYS = {
     /** Whether the user has tried focus mode yet */
     NVP_TRY_FOCUS_MODE: 'nvp_tryFocusMode',
 
-    /** Whether the user has been shown the hold educational interstitial yet */
-    NVP_HOLD_USE_EXPLAINED: 'holdUseExplained',
+    /** Whether the user has dismissed the hold educational interstitial */
+    NVP_DISMISSED_HOLD_USE_EXPLANATION: 'nvp_dismissedHoldUseExplanation',
 
     /** Store the state of the subscription */
     NVP_PRIVATE_SUBSCRIPTION: 'nvp_private_subscription',
@@ -635,7 +635,7 @@ type OnyxValuesMapping = {
     [ONYXKEYS.NVP_BLOCKED_FROM_CHAT]: string;
     [ONYXKEYS.NVP_PRIVATE_PUSH_NOTIFICATION_ID]: string;
     [ONYXKEYS.NVP_TRY_FOCUS_MODE]: boolean;
-    [ONYXKEYS.NVP_HOLD_USE_EXPLAINED]: boolean;
+    [ONYXKEYS.NVP_DISMISSED_HOLD_USE_EXPLANATION]: boolean;
     [ONYXKEYS.FOCUS_MODE_NOTIFICATION]: boolean;
     [ONYXKEYS.NVP_LAST_PAYMENT_METHOD]: OnyxTypes.LastPaymentMethod;
     [ONYXKEYS.NVP_RECENT_WAYPOINTS]: OnyxTypes.RecentWaypoint[];
diff --git a/src/components/MoneyRequestHeader.tsx b/src/components/MoneyRequestHeader.tsx
index a1f214ae847a..f14fe11f5d74 100644
--- a/src/components/MoneyRequestHeader.tsx
+++ b/src/components/MoneyRequestHeader.tsx
@@ -54,9 +54,8 @@ function MoneyRequestHeader({report, parentReportAction, policy, shouldUseNarrow
     const [transaction] = useOnyx(`${ONYXKEYS.COLLECTION.TRANSACTION}${(parentReportAction as ReportAction & OriginalMessageIOU)?.originalMessage?.IOUTransactionID ?? -1}`);
     const [transactionViolations] = useOnyx(ONYXKEYS.COLLECTION.TRANSACTION_VIOLATIONS);
     const [session] = useOnyx(ONYXKEYS.SESSION);
-    const [holdUseExplained, holdUseExplainedResult] = useOnyx(ONYXKEYS.NVP_HOLD_USE_EXPLAINED);
-    const isLoadingHoldUseExplained = isLoadingOnyxValue(holdUseExplainedResult);
-
+    const [dismissedHoldUseExplanation, dismissedHoldUseExplanationResult] = useOnyx(ONYXKEYS.NVP_DISMISSED_HOLD_USE_EXPLANATION, {initialValue: true});
+    const isLoadingHoldUseExplained = isLoadingOnyxValue(dismissedHoldUseExplanationResult);
     const styles = useThemeStyles();
     const theme = useTheme();
     const {translate} = useLocalize();
@@ -180,8 +179,8 @@ function MoneyRequestHeader({report, parentReportAction, policy, shouldUseNarrow
         if (isLoadingHoldUseExplained) {
             return;
         }
-        setShouldShowHoldMenu(isOnHold && !holdUseExplained);
-    }, [isOnHold, holdUseExplained, isLoadingHoldUseExplained]);
+        setShouldShowHoldMenu(isOnHold && !dismissedHoldUseExplanation);
+    }, [dismissedHoldUseExplanation, isLoadingHoldUseExplained, isOnHold]);
 
     useEffect(() => {
         if (!shouldShowHoldMenu) {
@@ -198,7 +197,7 @@ function MoneyRequestHeader({report, parentReportAction, policy, shouldUseNarrow
     }, [isSmallScreenWidth, shouldShowHoldMenu]);
 
     const handleHoldRequestClose = () => {
-        IOU.setShownHoldUseExplanation();
+        IOU.dismissHoldUseExplanation();
     };
 
     if (canDeleteRequest) {
diff --git a/src/libs/actions/IOU.ts b/src/libs/actions/IOU.ts
index bbc377b780d0..9d22f2358f1c 100644
--- a/src/libs/actions/IOU.ts
+++ b/src/libs/actions/IOU.ts
@@ -19,6 +19,7 @@ import type {
     RequestMoneyParams,
     SendInvoiceParams,
     SendMoneyParams,
+    SetNameValuePairParams,
     SplitBillParams,
     StartSplitBillParams,
     SubmitReportParams,
@@ -6677,8 +6678,23 @@ function setMoneyRequestTaxAmount(transactionID: string, taxAmount: number | nul
     Onyx.merge(`${ONYXKEYS.COLLECTION.TRANSACTION_DRAFT}${transactionID}`, {taxAmount});
 }
 
-function setShownHoldUseExplanation() {
-    Onyx.set(ONYXKEYS.NVP_HOLD_USE_EXPLAINED, true);
+function dismissHoldUseExplanation() {
+    const parameters: SetNameValuePairParams = {
+        name: ONYXKEYS.NVP_DISMISSED_HOLD_USE_EXPLANATION,
+        value: true,
+    };
+
+    const optimisticData: OnyxUpdate[] = [
+        {
+            onyxMethod: Onyx.METHOD.MERGE,
+            key: ONYXKEYS.NVP_DISMISSED_HOLD_USE_EXPLANATION,
+            value: true,
+        },
+    ];
+
+    API.write(WRITE_COMMANDS.SET_NAME_VALUE_PAIR, parameters, {
+        optimisticData,
+    });
 }
 
 /**
@@ -6977,7 +6993,8 @@ export {
     setMoneyRequestTag,
     setMoneyRequestTaxAmount,
     setMoneyRequestTaxRate,
-    setShownHoldUseExplanation,
+    dismissHoldUseExplanation,
+    updateMoneyRequestDate,
     setSplitShares,
     resetSplitShares,
     setIndividualShare,
@@ -6993,7 +7010,6 @@ export {
     updateMoneyRequestAmountAndCurrency,
     updateMoneyRequestBillable,
     updateMoneyRequestCategory,
-    updateMoneyRequestDate,
     updateMoneyRequestDescription,
     updateMoneyRequestDistance,
     updateMoneyRequestMerchant,
diff --git a/src/pages/ProcessMoneyRequestHoldPage.tsx b/src/pages/ProcessMoneyRequestHoldPage.tsx
index ad04ada569bb..76fcfec2937f 100644
--- a/src/pages/ProcessMoneyRequestHoldPage.tsx
+++ b/src/pages/ProcessMoneyRequestHoldPage.tsx
@@ -15,7 +15,7 @@ function ProcessMoneyRequestHoldPage() {
     const {translate} = useLocalize();
 
     const onConfirm = useCallback(() => {
-        IOU.setShownHoldUseExplanation();
+        IOU.dismissHoldUseExplanation();
         Navigation.goBack();
     }, []);