Passive film breakdown and repassivation during rapid deformation of Ni-Ti shape memory alloy were electrochemically characterized using a rapid straining electrode technique. A ribbon shape tensile specimen of Ni-50.1Ti alloy was elongated under potentio-static condition in simulated body fluid. Deformation induced mechanical breakdown of surface film to expose newly created surface resulting in a rapid transient of electrochemical current. Namely, anodic current increased, then decreased due to repassivation. Slight current increase during elastic elongation was followed by a rapid increase in current during martensitic deformation, which may induce surface nanoscopic protrusion and collapse, rapid increase in anodic current was observed. It is noticeable that rapid shrinking by reverse martensitic transformation also arose current increase due to surface film breakdown.