diff --git a/src/components/ReportActionItem/MoneyRequestPreview/MoneyRequestPreviewContent.tsx b/src/components/ReportActionItem/MoneyRequestPreview/MoneyRequestPreviewContent.tsx
index 964f9250f033..06ab0d0e98b9 100644
--- a/src/components/ReportActionItem/MoneyRequestPreview/MoneyRequestPreviewContent.tsx
+++ b/src/components/ReportActionItem/MoneyRequestPreview/MoneyRequestPreviewContent.tsx
@@ -142,7 +142,7 @@ function MoneyRequestPreviewContent({
         merchant,
         tag,
         category,
-    } = useMemo<Partial<TransactionDetails>>(() => getTransactionDetails(transaction) ?? {}, [transaction]);
+    } = useMemo<Partial<TransactionDetails>>(() => getTransactionDetails(transaction, undefined, policy) ?? {}, [transaction, policy]);
 
     const description = truncate(StringUtils.lineBreaksToSpaces(Parser.htmlToText(requestComment ?? '')), {length: CONST.REQUEST_PREVIEW.MAX_LENGTH});
     const requestMerchant = truncate(merchant, {length: CONST.REQUEST_PREVIEW.MAX_LENGTH});
diff --git a/src/components/ReportActionItem/ReportPreview.tsx b/src/components/ReportActionItem/ReportPreview.tsx
index 8abb8b93a58f..a3f16350e5b2 100644
--- a/src/components/ReportActionItem/ReportPreview.tsx
+++ b/src/components/ReportActionItem/ReportPreview.tsx
@@ -248,7 +248,7 @@ function ReportPreview({
     const lastTransactionViolations = useTransactionViolations(lastTransaction?.transactionID);
     const showRTERViolationMessage = numberOfRequests === 1 && hasPendingUI(lastTransaction, lastTransactionViolations);
     const shouldShowBrokenConnectionViolation = numberOfRequests === 1 && shouldShowBrokenConnectionViolationForMultipleTransactions(transactionIDList, iouReport, policy, violations);
-    let formattedMerchant = numberOfRequests === 1 ? getMerchant(lastTransaction) : null;
+    let formattedMerchant = numberOfRequests === 1 ? getMerchant(lastTransaction, policy) : null;
     const formattedDescription = numberOfRequests === 1 ? Parser.htmlToMarkdown(getDescription(lastTransaction)) : null;
 
     if (isPartialMerchant(formattedMerchant ?? '')) {
diff --git a/src/components/ReportActionItem/TransactionPreview/TransactionPreviewContent.tsx b/src/components/ReportActionItem/TransactionPreview/TransactionPreviewContent.tsx
index 5b1f80c676e2..16e33d7f551c 100644
--- a/src/components/ReportActionItem/TransactionPreview/TransactionPreviewContent.tsx
+++ b/src/components/ReportActionItem/TransactionPreview/TransactionPreviewContent.tsx
@@ -11,6 +11,7 @@ import UserInfoCellsWithArrow from '@components/SelectionList/Search/UserInfoCel
 import Text from '@components/Text';
 import TransactionPreviewSkeletonView from '@components/TransactionPreviewSkeletonView';
 import useLocalize from '@hooks/useLocalize';
+import useOnyx from '@hooks/useOnyx';
 import useTheme from '@hooks/useTheme';
 import useThemeStyles from '@hooks/useThemeStyles';
 import {convertToDisplayString} from '@libs/CurrencyUtils';
@@ -29,6 +30,7 @@ import {hasReceipt as hasReceiptTransactionUtils, isReceiptBeingScanned} from '@
 import ViolationsUtils from '@libs/Violations/ViolationsUtils';
 import variables from '@styles/variables';
 import CONST from '@src/CONST';
+import ONYXKEYS from '@src/ONYXKEYS';
 import type {TransactionPreviewContentProps} from './types';
 
 function TransactionPreviewContent({
@@ -55,7 +57,8 @@ function TransactionPreviewContent({
     const styles = useThemeStyles();
     const {translate} = useLocalize();
 
-    const transactionDetails = useMemo<Partial<TransactionDetails>>(() => getTransactionDetails(transaction) ?? {}, [transaction]);
+    const [policy] = useOnyx(`${ONYXKEYS.COLLECTION.POLICY}${iouReport?.policyID}`, {canBeMissing: true});
+    const transactionDetails = useMemo<Partial<TransactionDetails>>(() => getTransactionDetails(transaction, undefined, policy) ?? {}, [transaction, policy]);
     const managerID = iouReport?.managerID ?? reportPreviewAction?.childManagerAccountID ?? CONST.DEFAULT_NUMBER_ID;
     const ownerAccountID = iouReport?.ownerAccountID ?? reportPreviewAction?.childOwnerAccountID ?? CONST.DEFAULT_NUMBER_ID;
     const isReportAPolicyExpenseChat = isPolicyExpenseChat(chatReport);
diff --git a/src/libs/ReportUtils.ts b/src/libs/ReportUtils.ts
index b2286d3a72ab..9c2548a6694e 100644
--- a/src/libs/ReportUtils.ts
+++ b/src/libs/ReportUtils.ts
@@ -231,7 +231,6 @@ import {
     getTag,
     getTaxAmount,
     getTaxCode,
-    getTransaction,
     getAmount as getTransactionAmount,
     getWaypoints,
     hasMissingSmartscanFields as hasMissingSmartscanFieldsTransactionUtils,
@@ -2379,7 +2378,7 @@ function canDeleteTransaction(moneyRequestReport: OnyxEntry<Report>): boolean {
  * Checks whether the card transaction support deleting based on liability type
  */
 function canDeleteCardTransactionByLiabilityType(iouTransactionID?: string): boolean {
-    const transaction = getTransaction(iouTransactionID ?? CONST.DEFAULT_NUMBER_ID);
+    const transaction = allTransactions?.[`${ONYXKEYS.COLLECTION.TRANSACTION}${iouTransactionID}`];
     const isCardTransaction = isCardTransactionTransactionUtils(transaction);
     if (!isCardTransaction) {
         return true;
@@ -3715,7 +3714,11 @@ function getMoneyRequestReportName({
  * into a flat object. Used for displaying transactions and sending them in API commands
  */
 
-function getTransactionDetails(transaction: OnyxInputOrEntry<Transaction>, createdDateFormat: string = CONST.DATE.FNS_FORMAT_STRING): TransactionDetails | undefined {
+function getTransactionDetails(
+    transaction: OnyxInputOrEntry<Transaction>,
+    createdDateFormat: string = CONST.DATE.FNS_FORMAT_STRING,
+    policy: OnyxEntry<Policy> = undefined,
+): TransactionDetails | undefined {
     if (!transaction) {
         return;
     }
@@ -3728,7 +3731,7 @@ function getTransactionDetails(transaction: OnyxInputOrEntry<Transaction>, creat
         taxCode: getTaxCode(transaction),
         currency: getCurrency(transaction),
         comment: getDescription(transaction),
-        merchant: getMerchant(transaction),
+        merchant: getMerchant(transaction, policy),
         waypoints: getWaypoints(transaction),
         customUnitRateID: getRateID(transaction),
         category: getCategory(transaction),
diff --git a/src/libs/SearchUIUtils.ts b/src/libs/SearchUIUtils.ts
index af76f63264d7..711c7de0023d 100644
--- a/src/libs/SearchUIUtils.ts
+++ b/src/libs/SearchUIUtils.ts
@@ -134,6 +134,7 @@ function getTransactionItemCommonFormattedProperties(
     transactionItem: SearchTransaction,
     from: SearchPersonalDetails,
     to: SearchPersonalDetails,
+    policy: SearchPolicy,
 ): Pick<TransactionListItemType, 'formattedFrom' | 'formattedTo' | 'formattedTotal' | 'formattedMerchant' | 'date'> {
     const isExpenseReport = transactionItem.reportType === CONST.REPORT.TYPE.EXPENSE;
 
@@ -143,7 +144,7 @@ function getTransactionItemCommonFormattedProperties(
     const formattedTo = formatPhoneNumber(getDisplayNameOrDefault(to, '', false) || getDisplayNameOrDefault(getPersonalDetailsForAccountID(to?.accountID)));
     const formattedTotal = getTransactionAmount(transactionItem, isExpenseReport);
     const date = transactionItem?.modifiedCreated ? transactionItem.modifiedCreated : transactionItem?.created;
-    const merchant = getTransactionMerchant(transactionItem);
+    const merchant = getTransactionMerchant(transactionItem, policy as OnyxTypes.Policy);
     const formattedMerchant = merchant === CONST.TRANSACTION.PARTIAL_TRANSACTION_MERCHANT ? '' : merchant;
 
     return {
@@ -323,10 +324,11 @@ function getTransactionsSections(data: OnyxTypes.SearchResults['data'], metadata
             const transactionItem = data[key];
             const report = data[`${ONYXKEYS.COLLECTION.REPORT}${transactionItem.reportID}`];
             const shouldShowBlankTo = isOpenExpenseReport(report);
+            const policy = data[`${ONYXKEYS.COLLECTION.POLICY}${report?.policyID}`];
             const from = data.personalDetailsList?.[transactionItem.accountID];
             const to = transactionItem.managerID && !shouldShowBlankTo ? data.personalDetailsList?.[transactionItem.managerID] : emptyPersonalDetails;
 
-            const {formattedFrom, formattedTo, formattedTotal, formattedMerchant, date} = getTransactionItemCommonFormattedProperties(transactionItem, from, to);
+            const {formattedFrom, formattedTo, formattedTotal, formattedMerchant, date} = getTransactionItemCommonFormattedProperties(transactionItem, from, to, policy);
 
             return {
                 ...transactionItem,
@@ -598,12 +600,13 @@ function getReportSections(data: OnyxTypes.SearchResults['data'], metadata: Onyx
             const transactionItem = {...data[key]};
             const reportKey = `${ONYXKEYS.COLLECTION.REPORT}${transactionItem.reportID}`;
             const report = data[`${ONYXKEYS.COLLECTION.REPORT}${transactionItem.reportID}`];
+            const policy = data[`${ONYXKEYS.COLLECTION.POLICY}${report?.policyID}`];
             const shouldShowBlankTo = isOpenExpenseReport(report);
 
             const from = data.personalDetailsList?.[transactionItem.accountID];
             const to = transactionItem.managerID && !shouldShowBlankTo ? data.personalDetailsList?.[transactionItem.managerID] : emptyPersonalDetails;
 
-            const {formattedFrom, formattedTo, formattedTotal, formattedMerchant, date} = getTransactionItemCommonFormattedProperties(transactionItem, from, to);
+            const {formattedFrom, formattedTo, formattedTotal, formattedMerchant, date} = getTransactionItemCommonFormattedProperties(transactionItem, from, to, policy);
 
             const transaction = {
                 ...transactionItem,
diff --git a/src/libs/TransactionUtils/index.ts b/src/libs/TransactionUtils/index.ts
index c09622992648..beba9b35c280 100644
--- a/src/libs/TransactionUtils/index.ts
+++ b/src/libs/TransactionUtils/index.ts
@@ -649,10 +649,10 @@ function isFetchingWaypointsFromServer(transaction: OnyxInputOrEntry<Transaction
 /**
  * Return the merchant field from the transaction, return the modifiedMerchant if present.
  */
-function getMerchant(transaction: OnyxInputOrEntry<Transaction>): string {
+function getMerchant(transaction: OnyxInputOrEntry<Transaction>, policyParam: OnyxEntry<Policy> = undefined): string {
     if (transaction && isDistanceRequest(transaction)) {
         const report = getReportOrDraftReport(transaction.reportID);
-        const policy = getPolicy(report?.policyID);
+        const policy = policyParam ?? getPolicy(report?.policyID);
         const mileageRate = DistanceRequestUtils.getRate({transaction, policy});
         const {unit, rate} = mileageRate;
         const distanceInMeters = getDistanceInMeters(transaction, unit);
@@ -837,7 +837,7 @@ function hasMissingSmartscanFields(transaction: OnyxInputOrEntry<Transaction>):
  * Get all transaction violations of the transaction with given transactionID.
  */
 function getTransactionViolations(transactionID: string | undefined, transactionViolations: OnyxCollection<TransactionViolations> | undefined): TransactionViolations | undefined {
-    const transaction = getTransaction(transactionID);
+    const transaction = allTransactions?.[`${ONYXKEYS.COLLECTION.TRANSACTION}${transactionID}`];
     if (!transactionID || !transactionViolations) {
         return undefined;
     }
@@ -1030,7 +1030,7 @@ function getRecentTransactions(transactions: Record<string, string>, size = 2):
  * @param checkDismissed - whether to check if the violation has already been dismissed as well
  */
 function isDuplicate(transactionID: string | undefined, checkDismissed = false): boolean {
-    const transaction = getTransaction(transactionID);
+    const transaction = allTransactions?.[`${ONYXKEYS.COLLECTION.TRANSACTION}${transactionID}`];
     if (!transaction) {
         return false;
     }
@@ -1120,7 +1120,7 @@ function hasDuplicateTransactions(iouReportID?: string, allReportTransactions?:
  * Checks if any violations for the provided transaction are of type 'notice'
  */
 function hasNoticeTypeViolation(transactionID: string | undefined, transactionViolations: TransactionViolation[] | OnyxCollection<TransactionViolation[]>, showInReview?: boolean): boolean {
-    const transaction = getTransaction(transactionID);
+    const transaction = allTransactions?.[`${ONYXKEYS.COLLECTION.TRANSACTION}${transactionID}`];
     if (!doesTransactionSupportViolations(transaction)) {
         return false;
     }
@@ -1138,7 +1138,7 @@ function hasNoticeTypeViolation(transactionID: string | undefined, transactionVi
  * Checks if any violations for the provided transaction are of type 'warning'
  */
 function hasWarningTypeViolation(transactionID: string | undefined, transactionViolations: TransactionViolation[] | OnyxCollection<TransactionViolation[]>, showInReview?: boolean): boolean {
-    const transaction = getTransaction(transactionID);
+    const transaction = allTransactions?.[`${ONYXKEYS.COLLECTION.TRANSACTION}${transactionID}`];
     if (!doesTransactionSupportViolations(transaction)) {
         return false;
     }
@@ -1328,7 +1328,7 @@ function compareDuplicateTransactionFields(
     }
     const transactionViolations = allTransactionViolations?.[`${ONYXKEYS.COLLECTION.TRANSACTION_VIOLATIONS}${reviewingTransactionID}`];
     const duplicates = transactionViolations?.find((violation) => violation.name === CONST.VIOLATIONS.DUPLICATED_TRANSACTION)?.data?.duplicates ?? [];
-    const transactions = removeSettledAndApprovedTransactions([reviewingTransactionID, ...duplicates]).map((item) => getTransaction(item));
+    const transactions = removeSettledAndApprovedTransactions([reviewingTransactionID, ...duplicates]).map((item) => allTransactions?.[`${ONYXKEYS.COLLECTION.TRANSACTION}${item}`]);
 
     const fieldsToCompare: FieldsToCompare = {
         merchant: ['modifiedMerchant', 'merchant'],