Efficient service at islandsbanki. In and out in no time. Of course it has fees but the cheapest one i think. my receipt shows there is a 1% fee based on my withdrawl of 300,000 kroner plus a 275 kroner fixed fee. at one place it was offering me only 50,000 kroner withdrawal limit so i waited to find another atm with a higher limit.
Good ATM from islandsbanki-open 24/7. But at night, make sure your card has a magnetic stripe.