The realized efficiencies of hydrogen generation through photoelectrochemical water splitting are substantially low for commercialization. Efforts to define the loss mechanisms prevalent therein are centered on the carriers generated within the space charge region. However, the research attention directed at carriers generated beyond the space charge layer has been insufficient. In this study, n-type β-Mn2V2O7 was applied as a model photoanode to investigate the influence of the diffusion current generated by bulk carriers on the total device performance. A combination of electrochemical approaches and time-resolved photoluminescence with carrier quenching layers were implemented to determine the dynamics of bulk carriers and elucidate their major loss mechanisms. The intrinsic diffusion length of carriers yields a considerable number of bulk carriers at the electrode/electrolyte interface, even in the absence of a surface catalyst that results in the generation of diffusion photocurrent. These findings highlight the importance of bulk carriers for achieving the theoretical maximum efficiency in the design of unassisted or low-bias overall water splitting devices.