The use of iodide as the positive redox-active species in redox flow batteries has been highly anticipated owing to its attractive features of high solubility, excellent reversibility, and low cost. However, the electro-oxidation reaction of iodide (I − ) is very complicated, giving various possible products such as iodine (I 2 ), polyiodides (I 2n+1 − ), and polyiodines (I 2n+2 ) with n ≥ 1. In particular, the electro-oxidation of I − /I 3 − and I 3 − /I 2 occurs in competition depending on the applied potential. Although the former reaction is adopted as the main reaction in most redox flow batteries because I 3 − is highly soluble in an aqueous electrolyte, the latter reaction inevitably occurs together and a thick I 2 -film forms on the electrode, impeding the electro-oxidation of I − . In this study, we investigate the variation of the interface between the electrode and the electrolyte during the development of an I 2 -film and the corresponding change in the charge-transfer resistance (R ct ). Initially, the I 2 -film builds upon the electrode surface in the form of a porous layer and the aqueous I − ions can easily reach the electrode surface through pores inside the film. I − ions are electro-oxidized to I 3 − or I 2 at the interface between the aqueous I − phase and electrode with a small R ct of less than 16.5 ohm•cm 2 . Over time, the I 2 -film is converted into a dense layer and I − ions diffuse through the film in the form of I 3 − , possibly by a Grotthuss-type hopping mechanism. I 3 − can then be electro-oxidized to I 2 at the new interface between the I 2 -film and electrode, resulting in a dramatic 9-fold increase of R ct to 147.4 ohm•cm 2 . This increase of R ct by the dense I 2 -film is also observed in the actual flow battery. At high current densities above 400 mA•cm −2 , the overpotential begins to show an abrupt increase in the amplitude of more than 300 mV after reaching a critical charging capacity at which the dense I 2 -film appears to have begun to form on the felt electrode. Therefore, the I 2 -film exerts a serious negative effect on the performance of the flow battery depending on the current density and electrolyte SoC (state-of-charge).