diff --git a/changelog/fix-e2e-test-8.5.0-release b/changelog/fix-e2e-test-8.5.0-release
new file mode 100644
index 00000000000..4ea2bca263c
--- /dev/null
+++ b/changelog/fix-e2e-test-8.5.0-release
@@ -0,0 +1,5 @@
+Significance: patch
+Type: fix
+Comment: Update string in E2E test - `Deposit` to `Payout`
+
+
diff --git a/tests/e2e/specs/wcpay/merchant/merchant-admin-deposits.spec.js b/tests/e2e/specs/wcpay/merchant/merchant-admin-deposits.spec.js
index 47a7c18363d..9363910e44b 100644
--- a/tests/e2e/specs/wcpay/merchant/merchant-admin-deposits.spec.js
+++ b/tests/e2e/specs/wcpay/merchant/merchant-admin-deposits.spec.js
@@ -16,7 +16,7 @@ describe( 'Admin deposits', () => {
 	it( 'page should load without any errors', async () => {
 		await merchantWCP.openDeposits();
 		await expect( page ).toMatchElement( 'h2', {
-			text: 'Deposit history',
+			text: 'Payout history',
 		} );
 		await takeScreenshot( 'merchant-admin-deposits' );
 	} );