You put S$56000 into a Singapore bank that is about $35000 (US). The bond is total of $142k if you should leave early, which includes the 56000 as a guarantee. Singapore is very adept at pursing people who violate the terms of their contract as they should be.
Go to the interview and ask them about the bond/guarantee.
S$142k = $86000 USD
Originally Posted by millerscourt
It is simpler to bring the money with you and go to the DBS Bank at Parkway who are familiar with the SQ "Bondage" scheme and deposit in a deposit account paying peanuts interest. DBS will charge you around SGD 1600 for this privilege!
You do not have to bring the money if for example you can get a Bank to guarantee the payment to SQ ( say against the value of your house) but the big catch is that this Bank must have a branch in Singapore. You have 20 days on arrival at SQ to come up with this as otherwise you are off the ground course!!!
There is a good search function on this site where this info has been covered in the past.