diff --git a/src/libs/actions/BankAccounts.js b/src/libs/actions/BankAccounts.js
index db2f416250fb..6bc5e6d608d4 100644
--- a/src/libs/actions/BankAccounts.js
+++ b/src/libs/actions/BankAccounts.js
@@ -260,8 +260,6 @@ function validateBankAccount(bankAccountID, validateCode) {
 }
 
 function openReimbursementAccountPage(stepToOpen, subStep, localCurrentStep) {
-    // Show loader right away, as optimisticData might be set only later in case multiple calls are in the queue
-    Onyx.merge(ONYXKEYS.REIMBURSEMENT_ACCOUNT, {isLoading: true});
     const onyxData = {
         optimisticData: [
             {
diff --git a/src/pages/ReimbursementAccount/ReimbursementAccountPage.js b/src/pages/ReimbursementAccount/ReimbursementAccountPage.js
index 17c630677ab1..193bf2c9a46b 100644
--- a/src/pages/ReimbursementAccount/ReimbursementAccountPage.js
+++ b/src/pages/ReimbursementAccount/ReimbursementAccountPage.js
@@ -175,6 +175,9 @@ class ReimbursementAccountPage extends React.Component {
      * @param {boolean} ignoreLocalCurrentStep Pass true if you want the last "updated" view (from db), not the last "viewed" view (from onyx).
      */
     fetchData(ignoreLocalCurrentStep) {
+        // Show loader right away, as optimisticData might be set only later in case multiple calls are in the queue
+        BankAccounts.setReimbursementAccountLoading(true);
+
         // We can specify a step to navigate to by using route params when the component mounts.
         // We want to use the same stepToOpen variable when the network state changes because we can be redirected to a different step when the account refreshes.
         const stepToOpen = this.getStepToOpenFromRouteParams();