<prompt> Human: My friend and I are both Americans living and working in Germany. Im fortunate to have no student loans and a lot of savings in my US accounts. My friend is in the opposite situation. For her, this means sending money back to the US in order to make her payments, getting nickel and dimed by fees and exchange rates along the way. Meanwhile, Id face similar hassles if I tried to move some of my dollars to my German accounts.So I had this crazy idea. What if I sent a check from my US bank account to her US bank account and had her give me euros in return? This way, we both avoid all fees and go by the fairest exchange rate possible.I absolutely hell-no will not cosign anything. This would be strictly checking account to checking account or cash-in-hand. Sallie Mae wont even know my name. As the one in the more stable situation which feels arrogant to admit but its true, Id probably also want my euros upfront before I cut any checks for her.This would be a couple hundred dollars a month for a few months. She doesnt have the means to pay off her loans all at once and Im not doing it for her.My concerns: Id normally never mix finances and friendships, but I feel like this situation is win-win. Is that painfully naive? Of course wed put the arrangement down in writing, but is there any kind of official document US or DE that we should use for that? Is there anything else were overlooking, tax-wise, liability-wise, savings-wise, or otherwise?If anyone has experience with this kind of thing, please share. I know P2P currency exchanges exist, but were trying to cut out any and all middlemen.Thanks in advance.Assistant: the only thing is that raises a red flag here: Why are you spending more money than you make?Are you hoping to live in Germany permanently, and therefore youre just hoping to slowly move all your money to Germany, as she pays off her loans? And not actually spending it.There is also the fact that you have to report foreign bank accounts over 10k to the IRS.Human: Why are you spending more money than you make?Im not. Id just like to move my emergency fund to the place I actually live and the currency I actually use without getting hit with fees if God forbid I need it. A down payment on a home here is also on my ten-year horizon.There is also the fact that you have to report foreign bank accounts over 10k to the IRS.Im already there, and I file everything every year.I am planning to live in Germany permanently but didnt think it was relevant in the original post. Just focusing on the currency exchange for now, not my life goals. :  <response>: Hey, you asked if you were overlooking anything. Just verifying. : 