RFID (radio frequency identification) RFID (radio frequency identification) is a technology that incorporates the use of electromagnetic or electrostatic coupling in the radio frequency (RF) portion of the electromagnetic spectrum to uniquely identify an object, animal, or person.
The only ways to avoid this fee are to either meet Chase's $1,500 daily minimum balance requirement, have a regular monthly direct deposit of more than $500, or hold a daily average of $5,000 or more in your account.
Each of these deposits must be $300 or more, with the first direct deposit occurring within 60 days of opening the account. This cash incentive is paid approximately 120 days after the account is opened and the bank requires these accounts to remain open for a minimum of six months. The cash reward will be reported to the IRS for tax purposes. This account also comes with fees.