diff --git a/app/components/Views/SmartTransactionsOptInModal/SmartTranactionsOptInModal.tsx b/app/components/Views/SmartTransactionsOptInModal/SmartTranactionsOptInModal.tsx
index 402d75c031c..7eca0b6ed4b 100644
--- a/app/components/Views/SmartTransactionsOptInModal/SmartTranactionsOptInModal.tsx
+++ b/app/components/Views/SmartTransactionsOptInModal/SmartTranactionsOptInModal.tsx
@@ -149,39 +149,40 @@ const SmartTransactionsOptInModal = () => {
     modalRef.current?.dismissModal();
   };
 
-  const optIn = () => {
+  const markOptInModalAsSeen = async () => {
+    const version = await AsyncStorage.getItem(CURRENT_APP_VERSION);
+    dispatch(updateOptInModalAppVersionSeen(version));
+  };
+
+  const optIn = async () => {
     Engine.context.PreferencesController.setSmartTransactionsOptInStatus(true);
     trackEvent(MetaMetricsEvents.SMART_TRANSACTION_OPT_IN, {
       stx_opt_in: true,
       location: 'SmartTransactionsOptInModal',
     });
-
     hasOptedIn.current = true;
+    await markOptInModalAsSeen();
     dismissModal();
   };
 
-  const optOut = () => {
+  const optOut = async () => {
     Engine.context.PreferencesController.setSmartTransactionsOptInStatus(false);
     trackEvent(MetaMetricsEvents.SMART_TRANSACTION_OPT_IN, {
       stx_opt_in: false,
       location: 'SmartTransactionsOptInModal',
     });
-
     hasOptedIn.current = false;
+    await markOptInModalAsSeen();
     navigation.navigate(Routes.SETTINGS_VIEW, {
       screen: Routes.SETTINGS.ADVANCED_SETTINGS,
     });
   };
 
   const handleDismiss = async () => {
-    // Opt out of STX if no prior decision made
+    // Opt out of STX if no prior decision made.
     if (hasOptedIn.current === null) {
       optOut();
     }
-
-    // Save the current app version as the last app version seen
-    const version = await AsyncStorage.getItem(CURRENT_APP_VERSION);
-    dispatch(updateOptInModalAppVersionSeen(version));
   };
 
   const Header = () => (
diff --git a/app/components/Views/SmartTransactionsOptInModal/SmartTransactionsOptInModal.test.tsx b/app/components/Views/SmartTransactionsOptInModal/SmartTransactionsOptInModal.test.tsx
index 517c98d3249..50309cc0b0a 100644
--- a/app/components/Views/SmartTransactionsOptInModal/SmartTransactionsOptInModal.test.tsx
+++ b/app/components/Views/SmartTransactionsOptInModal/SmartTransactionsOptInModal.test.tsx
@@ -1,6 +1,6 @@
 /* eslint-disable @typescript-eslint/ban-ts-comment */
 import React from 'react';
-import { fireEvent } from '@testing-library/react-native';
+import { fireEvent, waitFor } from '@testing-library/react-native';
 import SmartTransactionsOptInModal from './SmartTranactionsOptInModal';
 import renderWithProvider from '../../../util/test/renderWithProvider';
 import initialBackgroundState from '../../../util/test/initial-background-state.json';
@@ -96,7 +96,7 @@ describe('SmartTransactionsOptInModal', () => {
       Engine.context.PreferencesController.setSmartTransactionsOptInStatus,
     ).toHaveBeenCalledWith(true);
   });
-  it('should opt user out when secondary button is pressed and navigate to Advanced Settings', () => {
+  it('opts user out when secondary button is pressed and navigate to Advanced Settings', async () => {
     const { getByText } = renderWithProvider(<SmartTransactionsOptInModal />, {
       state: initialState,
     });
@@ -109,8 +109,11 @@ describe('SmartTransactionsOptInModal', () => {
     expect(
       Engine.context.PreferencesController.setSmartTransactionsOptInStatus,
     ).toHaveBeenCalledWith(false);
-    expect(mockNavigate).toHaveBeenCalledWith(Routes.SETTINGS_VIEW, {
-      screen: Routes.SETTINGS.ADVANCED_SETTINGS,
+    expect(updateOptInModalAppVersionSeen).toHaveBeenCalledWith(VERSION);
+    await waitFor(() => {
+      expect(mockNavigate).toHaveBeenCalledWith(Routes.SETTINGS_VIEW, {
+        screen: Routes.SETTINGS.ADVANCED_SETTINGS,
+      });
     });
   });
   it('should update last app version seen on primary button press', () => {