Disadvantages of IBAN/SWIFT accounts in relation to Danish account numbers.

It is advantageous to have a Danish account number and registration instead of just an IBAN/SWIFT. This is because Danish registration and account numbers are specific to the Danish system, while IBAN/SWIFT is an international standard. Although IBAN/SWIFT facilitates international transactions, it can be difficult to do without a Danish account number.

A major disadvantage of using only an IBAN/SWIFT on your Danish business account is that Danish customers may have difficulty transferring money to the account. Payment to other Danish accounts is often made with NemID or MobilePay. Customers may be forced to use a foreign payment gateway or bank if one's business account only uses IBAN/SWIFT. This can be more difficult and time consuming.

Another disadvantage of using only an IBAN/SWIFT is that it can be difficult to handle the VAT accounts. When a company has to report VAT information to SKAT, it can be difficult to distinguish between international and Danish transactions if the company only uses an IBAN/SWIFT account. This can result in VAT accounting errors that can result in fines and penalties from the government.

Finally, having a foreign bank account can have a negative impact on the company's credibility and reputation in Denmark. It is possible that some customers and business partners prefer to do business with companies that have a local presence and use local financial institutions. In the event that a company only has an IBAN/SWIFT account, customers and business partners may think that the company is not strong in Denmark.

But in the end, it's important to remember that there are many things that come into play when choosing a business account. Some of these are the need for financial services and to be internationally present. It may be a good idea to choose a bank that offers IBAN/SWIFT accounts if your business does a lot of international transactions. However, it can be advantageous to have a company with headquarters in Denmark and many Danish customers.

In the end, it's about finding the optimal solution that fits your company's unique requirements and priorities.