diff --git a/src/components/ReportActionItem/MoneyRequestView.js b/src/components/ReportActionItem/MoneyRequestView.js
index 37ff163f23c8..b9ecb647f437 100644
--- a/src/components/ReportActionItem/MoneyRequestView.js
+++ b/src/components/ReportActionItem/MoneyRequestView.js
@@ -179,6 +179,19 @@ function MoneyRequestView({report, parentReport, parentReportActions, policyCate
 
     let amountDescription = `${translate('iou.amount')}`;
 
+    const saveBillable = useCallback(
+        (newBillable) => {
+            // If the value hasn't changed, don't request to save changes on the server and just close the modal
+            if (newBillable === TransactionUtils.getBillable(transaction)) {
+                Navigation.dismissModal();
+                return;
+            }
+            IOU.updateMoneyRequestBillable(transaction.transactionID, report.reportID, newBillable);
+            Navigation.dismissModal();
+        },
+        [transaction, report],
+    );
+
     if (isCardTransaction) {
         if (formattedOriginalAmount) {
             amountDescription += ` • ${translate('iou.original')} ${formattedOriginalAmount}`;
@@ -354,7 +367,7 @@ function MoneyRequestView({report, parentReport, parentReportActions, policyCate
                             <Switch
                                 accessibilityLabel={translate('common.billable')}
                                 isOn={transactionBillable}
-                                onToggle={(value) => IOU.editMoneyRequest(transaction, report.reportID, {billable: value})}
+                                onToggle={saveBillable}
                             />
                         </View>
                         {hasViolations('billable') && (
diff --git a/src/libs/actions/IOU.js b/src/libs/actions/IOU.js
index f2584cb8accd..75ae60970451 100644
--- a/src/libs/actions/IOU.js
+++ b/src/libs/actions/IOU.js
@@ -1109,6 +1109,21 @@ function updateMoneyRequestDate(transactionID, transactionThreadReportID, val) {
     API.write('UpdateMoneyRequestDate', params, onyxData);
 }
 
+/**
+ * Updates the billable field of a money request
+ *
+ * @param {String} transactionID
+ * @param {Number} transactionThreadReportID
+ * @param {String} val
+ */
+function updateMoneyRequestBillable(transactionID, transactionThreadReportID, val) {
+    const transactionChanges = {
+        billable: val,
+    };
+    const {params, onyxData} = getUpdateMoneyRequestParams(transactionID, transactionThreadReportID, transactionChanges, true);
+    API.write('UpdateMoneyRequestBillable', params, onyxData);
+}
+
 /**
  * Updates the merchant field of a money request
  *
@@ -3605,6 +3620,7 @@ export {
     setUpDistanceTransaction,
     navigateToNextPage,
     updateMoneyRequestDate,
+    updateMoneyRequestBillable,
     updateMoneyRequestMerchant,
     updateMoneyRequestTag,
     updateMoneyRequestAmountAndCurrency,