Electrochemical reactions involving consecutive charge‐transfer steps as expressed by the reaction schema Sv=Sv+1+zve− v=1,2,…,n are considered assuming that the only irreversible processes are charge‐transfer and diffusion and that disproportionation of the intermediate reaction products does not occur. An arbitrary number of n consecutive steps is assumed where feasible, but detailed discussion is restricted to the experimentally best understood case of a two‐step reaction. A general description is given of the steady‐state current density‐overvoltage characteristics and for the current density vs. time curves in potentiostatic single‐pulse experiments and for the variation of overvoltage with time in galvanostatic single‐pulse experiments, respectively.