Social foreign currency exchange

A currency exchange platform comprising:

• an exchange account database having a plurality of exchange accounts associated with a plurality users of a social pool, wherein the plurality of users are associated with each other through a social network, the social network is a computer network connecting the plurality of users, the social network being defined separately from the currency exchange platform;
• a network interface configured to communicate data to and from at least one of a financial institution computing system, the social network, a user device associated with a user, and an ATM system over a network;
• memory;
• and
• a processor structured to:
• set up exchange funds in the plurality of accounts associated with the plurality of users;
• receive a request for an amount of a first currency from a first user in the social pool, the request comprising an indication of a type of the request and a preference for delivery of the funds,
• wherein the type of the request is at least one of a gift, a loan, and an exchange;
• match the request with a matching account of the plurality of accounts in the social pool, wherein the matching account includes the first currency, and
• wherein the user associated with the matching account is part of a trusted group defined, by the currency exchange platform, within the social pool;
• responsive to the preference for delivery indicating an automated teller machine (ATM), deliver at least a portion of the requested amount of the first currency to the first user via the ATM;
• and
• maintain a ledger that tracks the request amount and the request type for the transactions conducted in the social pool.

A non-transitory computer-readable media having computer-executable instructions embodied therein, when executed by a processor of a social foreign currency exchange platform, cause the social foreign currency exchange platform to perform a process, the process including:

• setting up exchange funds in a plurality of exchange accounts associated with a plurality of users of a social pool, wherein the plurality of users are associated with each other through a social network, the social network is a computer network connecting the plurality of users, the social network being defined separately from the currency exchange platform;
• receiving a request for an amount of a first currency from a first user in the social pool, the request comprising an indication of a type of the request and a preference for delivery of the funds,
• wherein the type of the request is at least one of a gift, a loan, and an exchange;
• matching the request with a matching account of the plurality of exchange accounts in the social pool, wherein the matching account includes the first currency, and
• wherein the user associated with the matching account is part of a trusted group defined, by the currency exchange platform, within the social pool;
• responsive to the preference for delivery indicating an automated teller machine (ATM), delivering at least a portion of the requested amount of the first currency to the first user via the ATM;
• and
• maintaining a ledger that tracks the request amount and the request type for the transactions conducted in the social pool.