diff --git a/src/components/MoneyReportHeader.tsx b/src/components/MoneyReportHeader.tsx
index 3f5a3c50f6cc..4e1301bee476 100644
--- a/src/components/MoneyReportHeader.tsx
+++ b/src/components/MoneyReportHeader.tsx
@@ -10,6 +10,7 @@ import useWindowDimensions from '@hooks/useWindowDimensions';
 import * as CurrencyUtils from '@libs/CurrencyUtils';
 import * as HeaderUtils from '@libs/HeaderUtils';
 import Navigation from '@libs/Navigation/Navigation';
+import * as PolicyUtils from '@libs/PolicyUtils';
 import * as ReportUtils from '@libs/ReportUtils';
 import * as IOU from '@userActions/IOU';
 import * as Link from '@userActions/Link';
@@ -65,6 +66,8 @@ function MoneyReportHeader({session, policy, chatReport, nextStep, report: money
           isPolicyAdmin && (isApproved || isManager)
         : isPolicyAdmin || (ReportUtils.isMoneyRequestReport(moneyRequestReport) && isManager);
     const isDraft = ReportUtils.isDraftExpenseReport(moneyRequestReport);
+    const isOnInstantSubmitPolicy = PolicyUtils.isInstantSubmitEnabled(policy);
+    const isOnSubmitAndClosePolicy = PolicyUtils.isSubmitAndClose(policy);
     const shouldShowPayButton = useMemo(
         () => isPayer && !isDraft && !isSettled && !moneyRequestReport.isWaitingOnBankAccount && reimbursableSpend !== 0 && !ReportUtils.isArchivedRoom(chatReport) && !isAutoReimbursable,
         [isPayer, isDraft, isSettled, moneyRequestReport, reimbursableSpend, chatReport, isAutoReimbursable],
@@ -73,8 +76,11 @@ function MoneyReportHeader({session, policy, chatReport, nextStep, report: money
         if (!isPaidGroupPolicy) {
             return false;
         }
+        if (isOnInstantSubmitPolicy && isOnSubmitAndClosePolicy) {
+            return false;
+        }
         return isManager && !isDraft && !isApproved && !isSettled;
-    }, [isPaidGroupPolicy, isManager, isDraft, isApproved, isSettled]);
+    }, [isPaidGroupPolicy, isManager, isDraft, isApproved, isSettled, isOnInstantSubmitPolicy, isOnSubmitAndClosePolicy]);
     const shouldShowSettlementButton = shouldShowPayButton || shouldShowApproveButton;
     const shouldShowSubmitButton = isDraft && reimbursableSpend !== 0;
     const isFromPaidPolicy = policyType === CONST.POLICY.TYPE.TEAM || policyType === CONST.POLICY.TYPE.CORPORATE;
diff --git a/src/components/ReportActionItem/ReportPreview.tsx b/src/components/ReportActionItem/ReportPreview.tsx
index f12c6d9bea31..311e63332f5c 100644
--- a/src/components/ReportActionItem/ReportPreview.tsx
+++ b/src/components/ReportActionItem/ReportPreview.tsx
@@ -19,6 +19,7 @@ import ControlSelection from '@libs/ControlSelection';
 import * as CurrencyUtils from '@libs/CurrencyUtils';
 import * as DeviceCapabilities from '@libs/DeviceCapabilities';
 import Navigation from '@libs/Navigation/Navigation';
+import * as PolicyUtils from '@libs/PolicyUtils';
 import * as ReceiptUtils from '@libs/ReceiptUtils';
 import * as ReportActionUtils from '@libs/ReportActionsUtils';
 import * as ReportUtils from '@libs/ReportUtils';
@@ -213,6 +214,8 @@ function ReportPreview({
         ? // In a paid group policy, the admin approver can pay the report directly by skipping the approval step
           isPolicyAdmin && (isApproved || isCurrentUserManager)
         : isPolicyAdmin || (isMoneyRequestReport && isCurrentUserManager);
+    const isOnInstantSubmitPolicy = PolicyUtils.isInstantSubmitEnabled(policy);
+    const isOnSubmitAndClosePolicy = PolicyUtils.isSubmitAndClose(policy);
     const shouldShowPayButton = useMemo(
         () => isPayer && !isDraftExpenseReport && !iouSettled && !iouReport?.isWaitingOnBankAccount && reimbursableSpend !== 0 && !iouCanceled && !isAutoReimbursable,
         [isPayer, isDraftExpenseReport, iouSettled, reimbursableSpend, iouCanceled, isAutoReimbursable, iouReport],
@@ -221,8 +224,11 @@ function ReportPreview({
         if (!isPaidGroupPolicy) {
             return false;
         }
+        if (isOnInstantSubmitPolicy && isOnSubmitAndClosePolicy) {
+            return false;
+        }
         return isCurrentUserManager && !isDraftExpenseReport && !isApproved && !iouSettled;
-    }, [isPaidGroupPolicy, isCurrentUserManager, isDraftExpenseReport, isApproved, iouSettled]);
+    }, [isPaidGroupPolicy, isCurrentUserManager, isDraftExpenseReport, isApproved, isOnInstantSubmitPolicy, isOnSubmitAndClosePolicy, iouSettled]);
     const shouldShowSettlementButton = shouldShowPayButton || shouldShowApproveButton;
 
     /*
diff --git a/src/libs/PolicyUtils.ts b/src/libs/PolicyUtils.ts
index d9e57f5e3bb8..0a7a2d40e0f6 100644
--- a/src/libs/PolicyUtils.ts
+++ b/src/libs/PolicyUtils.ts
@@ -204,6 +204,21 @@ function isPaidGroupPolicy(policy: OnyxEntry<Policy> | EmptyObject): boolean {
     return policy?.type === CONST.POLICY.TYPE.TEAM || policy?.type === CONST.POLICY.TYPE.CORPORATE;
 }
 
+/**
+ * Checks if policy's scheduled submit / auto reporting frequency is "instant".
+ * Note: Free policies have "instant" submit always enabled.
+ */
+function isInstantSubmitEnabled(policy: OnyxEntry<Policy>): boolean {
+    return policy?.autoReportingFrequency === CONST.POLICY.AUTO_REPORTING_FREQUENCIES.INSTANT || policy?.type === CONST.POLICY.TYPE.FREE;
+}
+
+/**
+ * Checks if policy's approval mode is "optional", a.k.a. "Submit & Close"
+ */
+function isSubmitAndClose(policy: OnyxEntry<Policy>): boolean {
+    return policy?.approvalMode === CONST.POLICY.APPROVAL_MODE.OPTIONAL;
+}
+
 function extractPolicyIDFromPath(path: string) {
     return path.match(CONST.REGEX.POLICY_ID_FROM_PATH)?.[1];
 }
@@ -232,7 +247,9 @@ export {
     shouldShowPolicy,
     isExpensifyTeam,
     isExpensifyGuideTeam,
+    isInstantSubmitEnabled,
     isPolicyAdmin,
+    isSubmitAndClose,
     getMemberAccountIDsForWorkspace,
     getIneligibleInvitees,
     getTag,