Mileage tracking is a critical aspect of financial management for freelancers, self-employed professionals, and small business owners. Accurately tracking your mileage can lead to substantial tax deductions, better expense control, and improved budgeting. While there are many standalone apps for mileage tracking, some banks now offer integrated tools or seamless compatibility with third-party platforms that enhance the process.
In this comprehensive guide, we’ll explore the best banks for business mileage tracking in 2025, based on features, integrations, fees, and user experience. Whether you’re a gig worker or run a fleet-based business, this guide will help you streamline your expense management.
🚗 Why Business Mileage Tracking Matters
Key Benefits of Accurate Mileage Tracking:
| Benefit | Description |
|---|---|
| Tax Deductions | IRS allows mileage reimbursement at $0.67 per mile in 2025. |
| Reimbursement Accuracy | Ensures employees or partners are properly reimbursed. |
| Audit Readiness | Clear records help in case of IRS audits. |
| Better Budgeting | Allows businesses to control transportation and fuel costs. |
Pro Tip: The IRS requires a detailed log of business trips, including date, destination, and purpose. Integrated banking features simplify this.
🔍 What to Look for in a Mileage-Tracking-Friendly Bank
When evaluating banks, consider whether they offer:
- Built-in mileage tracking (few do, but it’s growing)
- Integration with apps like Everlance, MileIQ, QuickBooks
- Business bank accounts with transaction tagging
- Mileage report exporting for taxes
- Smart categorization for fuel and auto expenses
Let’s now explore the best banks that cater to mileage-conscious entrepreneurs.
🏦 Top 6 Best Banks for Business Mileage Tracking (2025)
1. Relay Financial
Best for: Small businesses using QuickBooks or Xero
Monthly Fee: $0
Mileage Tracking: ✅ Via integrations
Relay offers advanced budgeting and expense tracking tools, plus seamless integration with QuickBooks and other accounting software that support mileage logging. Although Relay itself doesn’t track mileage, it pairs effortlessly with apps like Everlance and QuickBooks Self-Employed.
| Feature | Detail |
|---|---|
| Integrates with | QuickBooks, Xero, Gusto |
| Mobile App | Yes |
| Expense Categorization | Yes (with tags/notes) |
| Ideal For | Freelancers, LLCs, partnerships |
2. Bluevine Business Banking
Best for: Solo entrepreneurs who drive frequently
Monthly Fee: $0
Mileage Tracking: ✅ Through QuickBooks integration
Bluevine provides a business checking account with high interest (2.0% APY as of 2025) and direct sync to QuickBooks Online. It enables automated transaction sorting which works great with mileage-based expense categorization.
| Feature | Detail |
|---|---|
| Free Transfers | Unlimited |
| Integration Apps | QuickBooks, Plaid apps |
| Expense Reports | Yes, exportable |
| Support for Fuel Tags | Yes |
3. Lili Bank
Best for: Freelancers and rideshare drivers
Monthly Fee: $0 – $9 (Lili Pro)
Mileage Tracking: ✅ Built-in for Pro users
Lili stands out because it’s one of the few banks that offer built-in mileage tracking. Lili Pro includes a powerful mileage log tool that automatically tracks trips using GPS. It also allows auto-categorization of fuel and maintenance expenses.
| Feature | Detail |
|---|---|
| Mileage Tracker | Built-in (Pro version) |
| Tax Tools | Yes, with write-off calculator |
| Expense Tags | Customizable |
| Best For | Self-employed drivers, freelancers |
4. Novo
Best for: Tech-savvy entrepreneurs using third-party apps
Monthly Fee: $0
Mileage Tracking: ✅ Through integrations
Novo is a fintech bank that supports integration with over 1,000 tools via Zapier. You can connect it to Everlance, MileIQ, and QuickBooks for real-time mileage expense syncs.
| Feature | Detail |
|---|---|
| Integrates with | QuickBooks, Everlance, Zapier |
| Transaction Notes | Yes |
| Exportable Reports | Yes |
| GPS Tracking | No, but apps handle this |
5. NorthOne
Best for: Delivery businesses and independent contractors
Monthly Fee: $10
Mileage Tracking: ✅ With third-party integrations
NorthOne focuses on envelope-based budgeting, making it ideal for businesses with fleet or driving costs. It integrates with QuickBooks, Expensify, and Everlance to sync mileage logs with fuel or vehicle maintenance spending.
| Feature | Detail |
|---|---|
| Envelope Budgeting | Yes (allocate mileage funds) |
| Fuel Purchase Tracking | Yes |
| Mileage App Sync | Yes |
| Fleet-friendly | Yes |
6. Axos Bank
Best for: Established businesses with high volume driving needs
Monthly Fee: $0 – $10
Mileage Tracking: ✅ Through QuickBooks and Excel exports
Axos is one of the more traditional banks offering robust online banking features. While it doesn’t offer built-in mileage tracking, its deep compatibility with QuickBooks and the ability to export detailed statements makes it ideal for mileage deductions.
| Feature | Detail |
|---|---|
| Direct QuickBooks Sync | Yes |
| GPS/Mileage App | No, manual syncing required |
| Business Tools | Payroll, invoicing, ACH |
🔗 Best Third-Party Mileage Tracking Apps That Integrate with Banks
| App Name | Key Feature | Best With Banks | Free Version |
|---|---|---|---|
| Everlance | Auto-GPS + expense tracking | Lili, Novo, NorthOne | Yes |
| QuickBooks SE | Invoicing + mileage tracking | Relay, Bluevine, Axos | Yes (limited) |
| MileIQ | Smart trip detection | Novo, Axos | Limited |
| Stride | Tax write-off tracker + mileage | Bluevine, Lili | Yes |
✅ Most banks listed above support Plaid, which allows easy syncing with these apps.
💬 Expert Tips for Tracking Mileage with Your Bank
- Always tag fuel-related transactions using your bank’s app.
- Enable GPS-based trip tracking from integrated apps.
- Export monthly reports before each tax quarter.
- Separate personal and business expenses — use a dedicated business account.
- Use auto-tagging rules for recurring mileage-related charges (fuel, repairs).
📉 Common Mistakes to Avoid
| Mistake | Why It’s Bad |
|---|---|
| Using a personal account | Complicates tax reporting |
| Not logging trip purposes | May invalidate deductions |
| Forgetting short trips | Every mile counts! |
| Missing app-bank syncing | Leads to incomplete reports |
📌 Summary: Which Bank is Right for You?
| Business Type | Best Bank | Reason |
|---|---|---|
| Freelancers/Rideshare drivers | Lili | Built-in mileage tracking |
| Small businesses with accountants | Relay or Axos | QuickBooks support |
| Delivery/Fleet businesses | NorthOne | Budgeting & trip integration |
| DIY users using apps | Novo or Bluevine | Flexible integrations |
🧾 Final Thoughts
Mileage tracking doesn’t need to be a hassle. With the right bank account, you can automate most of your tracking through app integrations or built-in tools. Whether you’re driving a few miles per week or logging hundreds for deliveries, having a bank that works with your tracking strategy can save you time, money, and stress during tax season.
In 2025, platforms like Lili, Relay, and Bluevine are setting a new standard for digital banking by integrating core business features like mileage tracking and expense management. Pick a bank that aligns with your tech habits and business needs — and drive your business forward with confidence.