The objective of this study is to suggest an interaction mechanism for the influence of static magnetic fields on electrochemical processes occurring at a ferromagnetic electrode immersed in a paramagnetic electrolytic solution. The hypothesis is that the magnetic field will cause a transport of all ions due to the difference in the magnetic susceptibility in the solution at the electrode surface. The ion transport induced by the magnetic field is directed from electrode into solution, Experimentally, the effects of static magnetic fields on electrochemical systems were observed only within systems consisting of ferromagnetic electrodes immersed in paramagnetic solutions. The results showed that the magnetic field caused an anodic polarization for the ferric/ferrous system and a cathodic polarization for the nickel/nickel-ion and the cobalt/cobalt-ion system. The results were obtained by the open-circuit potential and the Dotentiostatic/galvanostatic methods. The suggested interaction mechanism is magnetoconvection, which predicts that to obtain any magnetic field effect, there has to exist a gradient of paramagnetic ion concentration in the solution at the electrode surface. Theoretically, it is shown that the magnetic field tends to cause an additional convective transfer of all components of the solution, which will be generated in the vicinity of the electrode surface, Further, both the experimental results and the suggested mechanism show that the magnetic field effect increases with increasing magnetic flux density and magnetic susceptibility of the solution and decreases with increasing temperature and stirring rate. The evidence presented here show that the proposed hypothesis and the proposed interaction mechanism an verified.