We have examined methylammonium lead iodide (MAPI) cells of the design FTO/sTiO 2 / mpTiO 2 /MAPI/Spiro-OMeTAD/Au using fast opto-electronic techniques including transient photovoltage, differential capacitance, charge extraction, current interrupt, and chronophotoamperometry. The data allow several important conclusions regarding the physics and proper characterization of these cells. 1) In mpTiO 2 /MAPI cells there are two kinds of extractable charge stored under operation: a capacitive electronic charge (~0.2 µC/cm 2 ), and another, much larger, charge (40 µC/cm 2 ) which could be the result of dipole realignment, or the effect of mobile ions. The capacitive charge is ~10 times smaller than in mpTiO 2 /dye/SpiroOMeTAD cells with similar mpTiO 2 thickness. 2) Transient photovoltage decays are strongly double exponential with two time constants that differ by a factor of ~5, independent of bias light intensity. We show that the fast decay (~1 µs at one sun) can be assigned to the predominant charge recombination pathway in the cell. We examine and reject the possibilities that the fast decay is due to ferro-electric relaxation, or to the bulk photovoltaic effect. We provide two possible schematic electrical models for the cells that reproduce the V oc and TPV data.3) It has been previously observed that MAPI cells frequently show current/voltage hysteresis. For example, an increase in J sc and V oc is observed on the return sweep of a cyclic JV. Our capacitance vs V oc data indicate that the hysteresis involves a change in internal potential gradients, most likely a shift in band offsets at the TiO 2 /MAPI interface. The TPV results show that the V oc hysteresis is not due to a change in recombination rate constant. Calculation of recombination flux at V oc shows that the hysteresis is also not due to an increase in charge separation efficiency, and that charge generation is not a function of applied bias. We also show that the JV hysteresis is not a light driven effect, but is caused by exposure to forward bias, light or dark.