Systems and methods for managing an account

A system for managing an account, comprising:

• a multi-frequency radio frequency identification (RFID) tag configured to operate using a first frequency band and a second frequency band;
• a processor;
• a non-volatile computer readable medium;
• a first device comprising a first RFID reader operating at the first frequency band and configured to:
• scan, using the first RFID reader, at least a portion of information stored on the multi-frequency RFID tag;
• subsequent to scanning the multi-frequency RFID tag, start an application to interact with a virtual wallet of the RFID tag, the application comprising a plurality of instructions stored on the non-volatile computer readable medium, the plurality of instructions causing the processor to:
• access the account based at least in part on the information read from the multi-frequency RFID tag;
• and
• modify a balance associated with the account and the virtual wallet;
• and
• a second device comprising a second RFID reader operating at the second frequency band and configured to:
• read, using the second RFID reader, at least a portion of the information stored on the multi-frequency RFID tag;
• and
• perform an action related to the account based on the information read using the second RFID reader.