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Tranferring money from UK to Australia

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Alagopus | 22:51 Mon 29th Nov 2010 | Personal Finance
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I am about to receive the balance of my mother's estate and wondered how best to transfer this to Australia.

We have an account in the UK where I had intended to leave it until the exchange rate improved but it would earn almost zero interest. I was also told by the bank that I could only move 5000 pounds at a time as I'm not living in the country (money laundering). Is this really true?

I have discovered there are currency exchange companies like OzForex or Tranzfers but how safe are they and how would I get the money to them?

Any other suggestions?
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Thanks for that Eddie. I'll give them a call.

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Tranferring money from UK to Australia

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