diff --git a/installer/data/mysql/atomicupdate/bug_XXXXX.sql b/installer/data/mysql/atomicupdate/bug_XXXXX.sql
new file mode 100644
index 0000000000..f7526e14d0
--- /dev/null
+++ b/installer/data/mysql/atomicupdate/bug_XXXXX.sql
@@ -0,0 +1 @@
+UPDATE systempreferences SET options="any_time_is_placed|not_always|any_time_is_collected" WHERE value="HoldFeeMode";
diff --git a/installer/data/mysql/sysprefs.sql b/installer/data/mysql/sysprefs.sql
index 77c6a90244..06d7a9ef52 100644
--- a/installer/data/mysql/sysprefs.sql
+++ b/installer/data/mysql/sysprefs.sql
@@ -179,7 +179,7 @@ INSERT INTO systempreferences ( `variable`, `value`, `options`, `explanation`, `
 ('hide_marc','0',NULL,'If ON, disables display of MARC fields, subfield codes & indicators (still shows data)','YesNo'),
 ('HighlightOwnItemsOnOPAC','0','','If on, and a patron is logged into the OPAC, items from his or her home library will be emphasized and shown first in search results and item details.','YesNo'),
 ('HighlightOwnItemsOnOPACWhich','PatronBranch','PatronBranch|OpacURLBranch','Decides which branch\'s items to emphasize. If PatronBranch, emphasize the logged in user\'s library\'s items. If OpacURLBranch, highlight the items of the Apache var BRANCHCODE defined in Koha\'s Apache configuration file.','Choice'),
-('HoldFeeMode','not_always','always|not_always','Set the hold fee mode','Choice'),
+('HoldFeeMode','not_always','any_time_is_placed|not_always|any_time_is_collected','Set the hold fee mode','Choice'),
 ('HoldsLog','0',NULL,'If ON, log create/cancel/suspend/resume actions on holds.','YesNo'),
 ('HoldsQueueSkipClosed', '0', NULL, 'If enabled, any libraries that are closed when the holds queue is built will be ignored for the purpose of filling holds.', 'YesNo'),
 ('HoldsToPullStartDate','2',NULL,'Set the default start date for the Holds to pull list to this many days ago','Integer'),
diff --git a/koha-tmpl/intranet-tmpl/prog/en/modules/admin/preferences/circulation.pref b/koha-tmpl/intranet-tmpl/prog/en/modules/admin/preferences/circulation.pref
index 2df9d09f68..9478192699 100644
--- a/koha-tmpl/intranet-tmpl/prog/en/modules/admin/preferences/circulation.pref
+++ b/koha-tmpl/intranet-tmpl/prog/en/modules/admin/preferences/circulation.pref
@@ -718,8 +718,9 @@ Circulation:
             - Charge a hold fee
             - pref: HoldFeeMode
               choices:
-                  always: "any time a hold is placed."
+                  any_time_is_placed: "any time a hold is placed."
                   not_always: "only if all items are checked out and the record has at least one hold already."
+                  any_time_is_collected: "any time a hold is collected."
     Self Checkout:
         -
             - "Include the following JavaScript on all pages in the web-based self checkout:"