Milwaukee 49-16-3697 Drill & Impact Driver Bit Holder

The Milwaukee 49-16-3697 Drill & Impact Driver Bit Holder is a compact on-tool storage accessory built for users who want their most-used bits right on the drill or impact driver. This is a drill and impact driver bit holder designed for on-tool bit storage and quick access during drilling and fastening. Model Number 49-16-3697. If you are tired of digging through a pouch for a Phillips #2 or a nut driver bit, this accessory fixes that problem in a simple way.

What matters here is retention and access. Milwaukee built this holder to keep bits in place better than a basic magnetic strip while still making them easy to grab when you need to change over. It holds up to four 1/4 inch hex shank bits, so you can keep your common driver bits on the tool without crowding your belt or bag. For service work, punch-list jobs, and repetitive fastening, that is a real time-saver.

The body is made from rubber, which is a smart call for a small accessory that lives on the side of a tool. It has enough durability to handle drops, and the non-marring material helps reduce the chance of scratching finished surfaces when the tool gets set down or bumped against cabinets, trim, painted walls, or installed fixtures. That is the kind of detail that matters more on remodel and finish work than it does on a spec sheet.

Milwaukee also kept the mounting flexible. The bit holder can be used on either side of the tool, so left- and right-handed users can set it up where it makes the most sense. The package includes the bit holder, an M12 adapter, one long M12 screw, and one short M18 screw, which means the hardware is matched to the platform instead of asking you to improvise a fit.

Compatibility is the other big reason to look at this accessory. It is built to work with a range of current Milwaukee M12 FUEL, M18, and M18 FUEL drill and impact driver models, including model numbers 3453, 3403, 3404, 2953, 2903, 2904, 2853, 2803, 2804, 2760, 2902, 2850, 2851, 2801, 2606, and 2656. If you are already on those platforms, this is an easy add-on that keeps the tool more job-ready without adding much size or weight.

At just 0.03 lb and roughly 1.3 inches long, 1.1 inches high, and 0.65 inches wide, it adds very little bulk. That makes it a practical accessory for everyday carry, not something you try once and then remove because it gets in the way. It is especially useful for techs, electricians, HVAC installers, maintenance crews, and general contractors who switch bits often and want a cleaner setup on the job.

Small Add-On, Real Jobsite Payoff

The Milwaukee 49-16-3697 Drill & Impact Driver Bit Holder is one of those accessories that earns its spot fast if you swap bits all day.

• Who it's for: Drill and impact driver users who want quicker bit changes and less pocket clutter, especially on service calls, install work, and punch-list jobs.
• Why it stands out: It holds up to four 1/4 inch hex bits, mounts on compatible M12 and M18 tools, and the rubber body is a smarter choice than a hard plastic add-on when you are working around finished surfaces.
• Worth knowing: This is not a universal fit accessory, so check the compatible Milwaukee model numbers before buying. Also, it is a holder only, not a bit set.

• How many bits does it hold? It holds up to four bits at one time.
• What kind of bits fit this holder? It is designed for 1/4 inch hex shank bits.
• Is the holder magnetic? No. Milwaukee states it retains bits better than magnets.
• Does it work with both M12 and M18 tools? Yes, it is compatible with select Milwaukee M12 FUEL, M18, and M18 FUEL models listed in the compatibility section.