AbstractFor the successful implementation of organic electrochemical transistors in neuromorphic computing, bioelectronics, and real‐time sensing applications it is essential to understand the factors that influence device switching times. This work describes a physical‐electrochemical model of the transient response to a step of the gate voltage. The model incorporates 1) ion diffusion inside the channel that governs the electronic conductivity, 2) horizontal electron transport, and 3) the external elements (capacitance, ionic resistance) of the ion dynamics in the electrolyte. This work finds a general expression of two different time constants that determine the vertical insertion process in terms of the transport/polarization parameters, in addition to the electronic transit time. The work highlights the central role of the chemical capacitance in determining the modulation of the lateral conductivity. The different types of response of the drain current are classified, and the significance for synaptic operation in neuromorphic circuits is discussed. The model is confirmed by detailed simulations that enable to visualize the different ions distributions and dynamics.