diff --git a/changelog.txt b/changelog.txt
index 95260389e0c..61fc636b34d 100644
--- a/changelog.txt
+++ b/changelog.txt
@@ -1,5 +1,8 @@
 *** WooPayments Changelog ***
 
+= 10.5.1 - 2026-02-11 =
+* Fix - Cache the affected orders check for the canceled auth fee remediation note to avoid an expensive query on every admin page load
+
 = 10.5.0 - 2026-02-05 =
 * Add - Add "Other" and "Booking/Reservation" product type support for dispute evidence (feature flag gated)
 * Add - Add ability to specify preferred communications email.
diff --git a/includes/migrations/class-wc-payments-remediate-canceled-auth-fees.php b/includes/migrations/class-wc-payments-remediate-canceled-auth-fees.php
index 26eec56f0a3..38fa1c31c2d 100644
--- a/includes/migrations/class-wc-payments-remediate-canceled-auth-fees.php
+++ b/includes/migrations/class-wc-payments-remediate-canceled-auth-fees.php
@@ -48,6 +48,22 @@ class WC_Payments_Remediate_Canceled_Auth_Fees {
 	 */
 	const DRY_RUN_ACTION_HOOK = 'wcpay_remediate_canceled_authorization_fees_dry_run';
 
+	/**
+	 * Action Scheduler hook for the async affected orders check.
+	 */
+	const CHECK_AFFECTED_ORDERS_HOOK = 'wcpay_check_affected_auth_fee_orders';
+
+	/**
+	 * Option key for tracking the affected orders check state.
+	 *
+	 * Possible values:
+	 * - false (option doesn't exist): not yet checked.
+	 * - 'scheduled': async check is scheduled or running.
+	 * - 'has_affected_orders': affected orders were found.
+	 * - 'no_affected_orders': no affected orders found.
+	 */
+	const CHECK_STATE_OPTION_KEY = 'wcpay_has_affected_auth_fee_orders';
+
 	/**
 	 * Option key for tracking dry run mode.
 	 */
@@ -98,6 +114,7 @@ public function __construct() {
 	public function init(): void {
 		add_action( self::ACTION_HOOK, [ $this, 'process_batch' ] );
 		add_action( self::DRY_RUN_ACTION_HOOK, [ $this, 'process_batch_dry_run' ] );
+		add_action( self::CHECK_AFFECTED_ORDERS_HOOK, [ $this, 'check_and_cache_affected_orders' ] );
 	}
 
 	/**
@@ -294,35 +311,33 @@ private function get_affected_orders_hpos( int $limit ): array {
 		$orders_table  = $wpdb->prefix . 'wc_orders';
 		$meta_table    = $wpdb->prefix . 'wc_orders_meta';
 
-		// Build the SQL query to find orders with canceled intent status that have either:
-		// 1. Incorrect fee metadata (_wcpay_transaction_fee or _wcpay_net), OR
-		// 2. Refund objects (which shouldn't exist for never-captured authorizations), OR
-		// 3. Incorrect order status of 'wc-refunded' (should be 'wc-cancelled').
-		$sql = "
-			SELECT DISTINCT o.id
-			FROM {$orders_table} o
-			INNER JOIN {$meta_table} pm_status ON o.id = pm_status.order_id
-			LEFT JOIN {$meta_table} pm_fee ON o.id = pm_fee.order_id
-				AND pm_fee.meta_key IN ('_wcpay_transaction_fee', '_wcpay_net')
-			LEFT JOIN {$orders_table} refunds ON o.id = refunds.parent_order_id
-				AND refunds.type = 'shop_order_refund'
-			WHERE o.type = 'shop_order'
-			AND o.date_created_gmt >= %s
-			AND pm_status.meta_key = '_intention_status'
-			AND pm_status.meta_value = %s
-			AND (pm_fee.order_id IS NOT NULL OR refunds.id IS NOT NULL OR o.status = 'wc-refunded')
-		";
-
-		$params = [ self::BUG_START_DATE, Intent_Status::CANCELED ];
+		$sql = "SELECT orders.id
+			FROM {$orders_table} orders
+			INNER JOIN {$meta_table} status_meta ON orders.id = status_meta.order_id AND status_meta.meta_key = '_intention_status' AND status_meta.meta_value = %s
+			LEFT JOIN {$meta_table} fees_meta ON orders.id = fees_meta.order_id AND fees_meta.meta_key = '_wcpay_transaction_fee'
+			WHERE orders.type = 'shop_order'
+				AND orders.date_created_gmt >= %s
+				AND (
+					-- Refunded with or without a refund.
+					orders.status = 'wc-refunded'
+
+					-- Cancelled with fees.
+					OR (
+						orders.status = 'wc-cancelled'
+						AND fees_meta.order_id IS NOT NULL
+					)
+				)";
+
+		$params = [ Intent_Status::CANCELED, self::BUG_START_DATE ];
 
 		// Add offset based on last order ID.
 		if ( $last_order_id > 0 ) {
-			$sql     .= ' AND o.id > %d';
+			$sql     .= ' AND orders.id > %d';
 			$params[] = $last_order_id;
 		}
 
 		// Add ordering and limit.
-		$sql     .= ' ORDER BY o.id ASC LIMIT %d';
+		$sql     .= ' ORDER BY orders.id ASC LIMIT %d';
 		$params[] = $limit;
 
 		// phpcs:ignore WordPress.DB.PreparedSQL.NotPrepared
@@ -346,31 +361,33 @@ private function get_affected_orders_cpt( int $limit ): array {
 		// 1. Incorrect fee metadata (_wcpay_transaction_fee or _wcpay_net), OR
 		// 2. Refund objects (which shouldn't exist for never-captured authorizations), OR
 		// 3. Incorrect order status of 'wc-refunded' (should be 'wc-cancelled').
-		$sql = "
-			SELECT DISTINCT p.ID
-			FROM {$wpdb->posts} p
-			INNER JOIN {$wpdb->postmeta} pm_status ON p.ID = pm_status.post_id
-			LEFT JOIN {$wpdb->postmeta} pm_fee ON p.ID = pm_fee.post_id
-				AND pm_fee.meta_key IN ('_wcpay_transaction_fee', '_wcpay_net')
-			LEFT JOIN {$wpdb->posts} refunds ON p.ID = refunds.post_parent
-				AND refunds.post_type = 'shop_order_refund'
-			WHERE p.post_type IN ('shop_order', 'shop_order_placeholder')
-			AND p.post_date >= %s
-			AND pm_status.meta_key = '_intention_status'
-			AND pm_status.meta_value = %s
-			AND (pm_fee.post_id IS NOT NULL OR refunds.ID IS NOT NULL OR p.post_status = 'wc-refunded')
-		";
-
-		$params = [ self::BUG_START_DATE, Intent_Status::CANCELED ];
+		$sql = "SELECT orders.ID
+			FROM {$wpdb->posts} orders
+			INNER JOIN {$wpdb->postmeta} status_meta ON orders.ID = status_meta.post_id AND status_meta.meta_key = '_intention_status' AND status_meta.meta_value = %s
+			LEFT JOIN {$wpdb->postmeta} fees_meta ON orders.ID = fees_meta.post_id AND fees_meta.meta_key = '_wcpay_transaction_fee'
+			WHERE orders.post_type IN ('shop_order', 'shop_order_placeholder')
+				AND orders.post_date >= %s
+				AND (
+					-- Refunded with or without a refund.
+					orders.post_status = 'wc-refunded'
+
+					-- Cancelled with fees
+					OR (
+						orders.post_status = 'wc-cancelled'
+						AND fees_meta.post_id IS NOT NULL
+					)
+				)";
+
+		$params = [ Intent_Status::CANCELED, self::BUG_START_DATE ];
 
 		// Add offset based on last order ID.
 		if ( $last_order_id > 0 ) {
-			$sql     .= ' AND p.ID > %d';
+			$sql     .= ' AND orders.ID > %d';
 			$params[] = $last_order_id;
 		}
 
 		// Add ordering and limit.
-		$sql     .= ' ORDER BY p.ID ASC LIMIT %d';
+		$sql     .= ' ORDER BY orders.ID ASC LIMIT %d';
 		$params[] = $limit;
 
 		// phpcs:ignore WordPress.DB.PreparedSQL.NotPrepared
@@ -427,6 +444,9 @@ public function process_batch(): void {
 			return;
 		}
 
+		// This can affect the order transitions by unnecessarily reaching out to Stripe.
+		remove_action( 'woocommerce_order_status_cancelled', [ WC_Payments::get_order_service(), 'cancel_authorizations_on_order_status_change' ] );
+
 		$start_time = microtime( true );
 		$batch_size = $this->get_batch_size();
 		$orders     = $this->get_affected_orders( $batch_size );
@@ -885,4 +905,21 @@ public function has_affected_orders(): bool {
 		$orders = $this->get_affected_orders( 1 );
 		return ! empty( $orders );
 	}
+
+	/**
+	 * Run the affected orders query and cache the result.
+	 *
+	 * Called by Action Scheduler in a separate request.
+	 *
+	 * @return void
+	 */
+	public function check_and_cache_affected_orders(): void {
+		$result = $this->has_affected_orders();
+
+		update_option(
+			self::CHECK_STATE_OPTION_KEY,
+			$result ? 'has_affected_orders' : 'no_affected_orders',
+			true
+		);
+	}
 }
diff --git a/includes/notes/class-wc-payments-notes-canceled-auth-remediation.php b/includes/notes/class-wc-payments-notes-canceled-auth-remediation.php
index 86ff8047008..7f91afa67cd 100644
--- a/includes/notes/class-wc-payments-notes-canceled-auth-remediation.php
+++ b/includes/notes/class-wc-payments-notes-canceled-auth-remediation.php
@@ -37,6 +37,8 @@ class WC_Payments_Notes_Canceled_Auth_Remediation {
 	 * @return bool
 	 */
 	public static function can_be_added() {
+		include_once WCPAY_ABSPATH . 'includes/migrations/class-wc-payments-remediate-canceled-auth-fees.php';
+
 		// Don't show if remediation is already complete.
 		if ( 'completed' === get_option( 'wcpay_fee_remediation_status', '' ) ) {
 			return false;
@@ -88,12 +90,47 @@ public static function get_note() {
 	/**
 	 * Check if there are orders that need remediation.
 	 *
+	 * Uses a state machine backed by an option to avoid running the expensive
+	 * query inline. On the first call, schedules an async Action Scheduler job
+	 * and returns false. The note will be added on a subsequent admin_init
+	 * once the async check completes.
+	 *
 	 * @return bool
 	 */
 	private static function has_affected_orders() {
-		include_once WCPAY_ABSPATH . 'includes/migrations/class-wc-payments-remediate-canceled-auth-fees.php';
-		$remediation = new WC_Payments_Remediate_Canceled_Auth_Fees();
-		return $remediation->has_affected_orders();
+		$state = get_option( WC_Payments_Remediate_Canceled_Auth_Fees::CHECK_STATE_OPTION_KEY );
+
+		if ( false === $state ) {
+			self::schedule_check();
+			return false;
+		}
+
+		if ( 'has_affected_orders' === $state ) {
+			return true;
+		}
+
+		// 'scheduled', 'no_affected_orders', or any unexpected value.
+		return false;
+	}
+
+	/**
+	 * Schedule the async affected orders check via Action Scheduler.
+	 *
+	 * @return void
+	 */
+	private static function schedule_check() {
+		if ( ! function_exists( 'as_schedule_single_action' ) ) {
+			return;
+		}
+
+		update_option( WC_Payments_Remediate_Canceled_Auth_Fees::CHECK_STATE_OPTION_KEY, 'scheduled', true );
+
+		as_schedule_single_action(
+			time() + 10,
+			WC_Payments_Remediate_Canceled_Auth_Fees::CHECK_AFFECTED_ORDERS_HOOK,
+			[],
+			'woocommerce-payments'
+		);
 	}
 
 	/**
@@ -106,7 +143,6 @@ private static function is_remediation_running() {
 			return false;
 		}
 
-		include_once WCPAY_ABSPATH . 'includes/migrations/class-wc-payments-remediate-canceled-auth-fees.php';
 		return as_has_scheduled_action( WC_Payments_Remediate_Canceled_Auth_Fees::ACTION_HOOK );
 	}
 }
diff --git a/package-lock.json b/package-lock.json
index dc85d15f330..2370638672c 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "woocommerce-payments",
-  "version": "10.5.0",
+  "version": "10.5.1",
   "lockfileVersion": 3,
   "requires": true,
   "packages": {
     "": {
       "name": "woocommerce-payments",
-      "version": "10.5.0",
+      "version": "10.5.1",
       "hasInstallScript": true,
       "license": "GPL-3.0-or-later",
       "dependencies": {
diff --git a/package.json b/package.json
index e46267dde64..8d9f9378ab2 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "woocommerce-payments",
-  "version": "10.5.0",
+  "version": "10.5.1",
   "main": "webpack.config.js",
   "author": "Automattic",
   "license": "GPL-3.0-or-later",
diff --git a/readme.txt b/readme.txt
index 404cf2abfc1..17b3aced599 100644
--- a/readme.txt
+++ b/readme.txt
@@ -4,7 +4,7 @@ Tags: woocommerce payments, apple pay, credit card, google pay, payment, payment
 Requires at least: 6.0
 Tested up to: 6.9
 Requires PHP: 7.3
-Stable tag: 10.5.0
+Stable tag: 10.5.1
 License: GPLv2 or later
 License URI: http://www.gnu.org/licenses/gpl-2.0.html
 
@@ -87,6 +87,10 @@ You can read our Terms of Service and other policies [here](https://woocommerce.
 
 == Changelog ==
 
+= 10.5.1 - 2026-02-11 =
+* Fix - Cache the affected orders check for the canceled auth fee remediation note to avoid an expensive query on every admin page load
+
+
 = 10.5.0 - 2026-02-05 =
 * Add - Add "Other" and "Booking/Reservation" product type support for dispute evidence (feature flag gated)
 * Add - Add ability to specify preferred communications email.
diff --git a/tests/unit/migrations/test-class-wc-payments-remediate-canceled-auth-fees.php b/tests/unit/migrations/test-class-wc-payments-remediate-canceled-auth-fees.php
index cf2f06a00be..98138701f3c 100644
--- a/tests/unit/migrations/test-class-wc-payments-remediate-canceled-auth-fees.php
+++ b/tests/unit/migrations/test-class-wc-payments-remediate-canceled-auth-fees.php
@@ -102,9 +102,10 @@ public function test_increment_stat_updates_counter() {
 	}
 
 	public function test_get_affected_orders_returns_canceled_orders_with_fees() {
-		// Create order with canceled intent and fees.
+		// Create order with canceled intent, cancelled status, and fees.
 		$order = WC_Helper_Order::create_order();
 		$order->set_date_created( '2023-05-01' );
+		$order->set_status( 'cancelled' );
 		$order->update_meta_data( '_intention_status', Intent_Status::CANCELED );
 		$order->update_meta_data( '_wcpay_transaction_fee', '1.50' );
 		$order->save();
@@ -153,10 +154,12 @@ public function test_get_affected_orders_excludes_orders_without_fees_or_refunds
 		$this->assertCount( 0, $orders );
 	}
 
-	public function test_get_affected_orders_finds_orders_with_refunds_but_no_fees() {
-		// Create order with canceled intent and refund, but no fee metadata.
+	public function test_get_affected_orders_excludes_cancelled_orders_with_refunds_but_no_fees() {
+		// Create cancelled order with canceled intent and refund, but no fee metadata.
+		// The new query only matches cancelled orders when they have fee metadata.
 		$order = WC_Helper_Order::create_order();
 		$order->set_date_created( '2023-05-01' );
+		$order->set_status( 'cancelled' );
 		$order->update_meta_data( '_intention_status', Intent_Status::CANCELED );
 		$order->save();
 
@@ -171,8 +174,7 @@ public function test_get_affected_orders_finds_orders_with_refunds_but_no_fees()
 
 		$orders = $this->remediation->get_affected_orders( 10 );
 
-		$this->assertCount( 1, $orders );
-		$this->assertEquals( $order->get_id(), $orders[0]->get_id() );
+		$this->assertCount( 0, $orders );
 	}
 
 	public function test_get_affected_orders_respects_batch_size() {
@@ -180,6 +182,7 @@ public function test_get_affected_orders_respects_batch_size() {
 		for ( $i = 0; $i < 5; $i++ ) {
 			$order = WC_Helper_Order::create_order();
 			$order->set_date_created( '2023-05-01' );
+			$order->set_status( 'cancelled' );
 			$order->update_meta_data( '_intention_status', Intent_Status::CANCELED );
 			$order->update_meta_data( '_wcpay_transaction_fee', '1.50' );
 			$order->save();
@@ -194,18 +197,21 @@ public function test_get_affected_orders_uses_offset_from_last_order_id() {
 		// Create 3 affected orders.
 		$order1 = WC_Helper_Order::create_order();
 		$order1->set_date_created( '2023-05-01' );
+		$order1->set_status( 'cancelled' );
 		$order1->update_meta_data( '_intention_status', Intent_Status::CANCELED );
 		$order1->update_meta_data( '_wcpay_transaction_fee', '1.50' );
 		$order1->save();
 
 		$order2 = WC_Helper_Order::create_order();
 		$order2->set_date_created( '2023-05-02' );
+		$order2->set_status( 'cancelled' );
 		$order2->update_meta_data( '_intention_status', Intent_Status::CANCELED );
 		$order2->update_meta_data( '_wcpay_transaction_fee', '1.50' );
 		$order2->save();
 
 		$order3 = WC_Helper_Order::create_order();
 		$order3->set_date_created( '2023-05-03' );
+		$order3->set_status( 'cancelled' );
 		$order3->update_meta_data( '_intention_status', Intent_Status::CANCELED );
 		$order3->update_meta_data( '_wcpay_transaction_fee', '1.50' );
 		$order3->save();
@@ -465,6 +471,7 @@ public function test_process_batch_remediates_affected_orders() {
 		for ( $i = 0; $i < 3; $i++ ) {
 			$order = WC_Helper_Order::create_order();
 			$order->set_date_created( '2023-05-01' );
+			$order->set_status( 'cancelled' );
 			$order->update_meta_data( '_intention_status', Intent_Status::CANCELED );
 			$order->update_meta_data( '_wcpay_transaction_fee', '1.50' );
 			$order->save();
@@ -481,12 +488,14 @@ public function test_process_batch_remediates_affected_orders() {
 	public function test_process_batch_updates_last_order_id() {
 		$order1 = WC_Helper_Order::create_order();
 		$order1->set_date_created( '2023-05-01' );
+		$order1->set_status( 'cancelled' );
 		$order1->update_meta_data( '_intention_status', Intent_Status::CANCELED );
 		$order1->update_meta_data( '_wcpay_transaction_fee', '1.50' );
 		$order1->save();
 
 		$order2 = WC_Helper_Order::create_order();
 		$order2->set_date_created( '2023-05-02' );
+		$order2->set_status( 'cancelled' );
 		$order2->update_meta_data( '_intention_status', Intent_Status::CANCELED );
 		$order2->update_meta_data( '_wcpay_transaction_fee', '1.50' );
 		$order2->save();
@@ -508,6 +517,7 @@ public function test_process_batch_marks_complete_when_no_orders() {
 	public function test_process_batch_increments_error_count_on_failure() {
 		$order = WC_Helper_Order::create_order();
 		$order->set_date_created( '2023-05-01' );
+		$order->set_status( 'cancelled' );
 		$order->update_meta_data( '_intention_status', Intent_Status::CANCELED );
 		$order->update_meta_data( '_wcpay_transaction_fee', '1.50' );
 		$order->save();
@@ -540,6 +550,7 @@ public function test_has_affected_orders_returns_true_when_orders_exist() {
 		// Create an affected order.
 		$order = WC_Helper_Order::create_order();
 		$order->set_date_created( '2023-05-01' );
+		$order->set_status( 'cancelled' );
 		$order->update_meta_data( '_intention_status', Intent_Status::CANCELED );
 		$order->update_meta_data( '_wcpay_transaction_fee', '1.50' );
 		$order->save();
@@ -584,9 +595,10 @@ public function test_get_affected_orders_uses_cpt_when_hpos_disabled() {
 
 		$mock_remediation->method( 'is_hpos_enabled' )->willReturn( false );
 
-		// Create order with canceled intent and fees.
+		// Create order with canceled intent, cancelled status, and fees.
 		$order = WC_Helper_Order::create_order();
 		$order->set_date_created( '2023-05-01' );
+		$order->set_status( 'cancelled' );
 		$order->update_meta_data( '_intention_status', Intent_Status::CANCELED );
 		$order->update_meta_data( '_wcpay_transaction_fee', '1.50' );
 		$order->save();
diff --git a/tests/unit/notes/test-class-wc-payments-notes-canceled-auth-remediation.php b/tests/unit/notes/test-class-wc-payments-notes-canceled-auth-remediation.php
index e36557a5149..fd6a81b4e58 100644
--- a/tests/unit/notes/test-class-wc-payments-notes-canceled-auth-remediation.php
+++ b/tests/unit/notes/test-class-wc-payments-notes-canceled-auth-remediation.php
@@ -14,10 +14,12 @@ class WC_Payments_Notes_Canceled_Auth_Remediation_Test extends WCPAY_UnitTestCas
 	 */
 	public function set_up() {
 		parent::set_up();
+		require_once WCPAY_ABSPATH . 'includes/migrations/class-wc-payments-remediate-canceled-auth-fees.php';
 		require_once WCPAY_ABSPATH . 'includes/notes/class-wc-payments-notes-canceled-auth-remediation.php';
 
 		// Clean up any existing options.
 		delete_option( 'wcpay_fee_remediation_status' );
+		delete_option( WC_Payments_Remediate_Canceled_Auth_Fees::CHECK_STATE_OPTION_KEY );
 	}
 
 	/**
@@ -25,6 +27,12 @@ public function set_up() {
 	 */
 	public function tear_down() {
 		delete_option( 'wcpay_fee_remediation_status' );
+		delete_option( WC_Payments_Remediate_Canceled_Auth_Fees::CHECK_STATE_OPTION_KEY );
+
+		if ( function_exists( 'as_unschedule_all_actions' ) ) {
+			as_unschedule_all_actions( WC_Payments_Remediate_Canceled_Auth_Fees::CHECK_AFFECTED_ORDERS_HOOK );
+		}
+
 		parent::tear_down();
 	}
 
@@ -58,4 +66,71 @@ public function test_can_be_added_returns_false_when_complete() {
 
 		$this->assertFalse( $result );
 	}
+
+	/**
+	 * Tests that can_be_added returns false when no affected orders were found.
+	 */
+	public function test_can_be_added_returns_false_when_no_affected_orders() {
+		update_option( WC_Payments_Remediate_Canceled_Auth_Fees::CHECK_STATE_OPTION_KEY, 'no_affected_orders' );
+
+		$result = WC_Payments_Notes_Canceled_Auth_Remediation::can_be_added();
+
+		$this->assertFalse( $result );
+	}
+
+	/**
+	 * Tests that can_be_added returns false while async check is scheduled.
+	 */
+	public function test_can_be_added_returns_false_when_scheduled() {
+		update_option( WC_Payments_Remediate_Canceled_Auth_Fees::CHECK_STATE_OPTION_KEY, 'scheduled' );
+
+		$result = WC_Payments_Notes_Canceled_Auth_Remediation::can_be_added();
+
+		$this->assertFalse( $result );
+	}
+
+	/**
+	 * Tests that when no state exists, can_be_added schedules the async check and returns false.
+	 */
+	public function test_can_be_added_schedules_check_when_no_state() {
+		$result = WC_Payments_Notes_Canceled_Auth_Remediation::can_be_added();
+
+		$this->assertFalse( $result );
+		$this->assertEquals(
+			'scheduled',
+			get_option( WC_Payments_Remediate_Canceled_Auth_Fees::CHECK_STATE_OPTION_KEY )
+		);
+		$this->assertTrue(
+			as_has_scheduled_action( WC_Payments_Remediate_Canceled_Auth_Fees::CHECK_AFFECTED_ORDERS_HOOK )
+		);
+	}
+
+	/**
+	 * Tests that the async callback caches the query result.
+	 */
+	public function test_check_and_cache_sets_no_affected_orders() {
+		$remediation = new WC_Payments_Remediate_Canceled_Auth_Fees();
+		$remediation->check_and_cache_affected_orders();
+
+		// No affected orders in the test DB.
+		$this->assertEquals(
+			'no_affected_orders',
+			get_option( WC_Payments_Remediate_Canceled_Auth_Fees::CHECK_STATE_OPTION_KEY )
+		);
+	}
+
+	/**
+	 * Tests that init registers the Action Scheduler hook.
+	 */
+	public function test_init_registers_check_hook() {
+		$remediation = new WC_Payments_Remediate_Canceled_Auth_Fees();
+		$remediation->init();
+
+		$this->assertNotFalse(
+			has_action(
+				WC_Payments_Remediate_Canceled_Auth_Fees::CHECK_AFFECTED_ORDERS_HOOK,
+				[ $remediation, 'check_and_cache_affected_orders' ]
+			)
+		);
+	}
 }
diff --git a/woocommerce-payments.php b/woocommerce-payments.php
index 6456b944713..14f5ded1a25 100644
--- a/woocommerce-payments.php
+++ b/woocommerce-payments.php
@@ -11,7 +11,7 @@
  * WC tested up to: 10.5.0
  * Requires at least: 6.0
  * Requires PHP: 7.4
- * Version: 10.5.0
+ * Version: 10.5.1
  * Requires Plugins: woocommerce
  *
  * @package WooCommerce\Payments