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.
Direct deposit is when money is put straight into your checking or savings account. People will do this instead of issuing a check for money that they owe others. Many businesses are set up to do direct deposits. The most common direct deposit is for payroll checks.