Abstract We present a coupled finite element spectral boundary integral framework for modeling sequences of earthquakes and aseismic slip on a 2‐D planar rate‐and‐state fault with off‐fault visco‐plastic response in the plane strain approximation. The model resolves both slow aseismic deformation and inertia effects during rapid slip. As an application, we perform two sets of simulations with different choices of cohesion to explore the co‐evolution of fault slip, bulk plasticity and local stress fields. The first…