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Between Florida and Cape Hatteras, North Carolina, the Gulf Stream carries warm, salty waters poleward along the continental slope. This strong current abuts the edge of the South Atlantic Bight (SAB) continental shelf and is thought to influence exchange of waters between the open ocean and the shelf. Observations from a pair of instruments deployed for 19 months in the northern SAB are used here to examine the processes by which the Gulf Stream can impact this exchange. The instrument deployed on the SAB shelf edge shows that the time‐averaged along‐slope flow is surface‐intensified with only few flow reversals at low frequencies (>40‐day period). Time‐averaged cross‐slope flow is onto the SAB shelf in a lower layer and off‐shelf above. Consistent with Ekman dynamics, the magnitude of lower‐layer on‐shelf flow is correlated with the along‐slope velocity, which is in turn controlled by the position and/or transport of the Gulf Stream that flows poleward along the SAB continental slope. In the frequency band associated with downstream‐propagating wave‐like meanders of the Gulf Stream jet (2‐15 day period), currents at the shelf‐edge are characterized by surface‐intensified flow in the along‐ and cross‐slope directions. Estimates of maximum upwelling velocities associated with cyclonic frontal eddies between meander crests occasionally reach 100 m/day. Plain Language Summary: Along the southeastern US, the Gulf Stream carries warm, salty waters northward. This strong current flows along the South Atlantic Bight (SAB) continental slope and modulates processes that control movement of waters between the continental shelf and open ocean. This two‐way exchange is important for physical oceanography (controlling temperature and salinity of the SAB shelf) and for the shelf's chemical budgets and ecological systems. This study combines observations from two instruments deployed for 19 months near Cape Hatteras on the edge of the shelf and on the upper continental slope to help characterize two important exchange processes. The first is upwelling associated with Gulf Stream meanders, which are small‐scale undulations of the Gulf Stream path along the SAB shelf edge. Upwelling pumps deep nutrient rich waters from the slope onto the neighboring SAB shelf as cyclonic (counter‐clockwise rotating) cells of circulating waters "ride" along the onshore side of the Gulf Stream between meander crests. A second exchange process occurs within a bottom layer where friction causes water to veer onshore (from the open ocean onto the shelf). Variability in Gulf Stream strength and position along the SAB causes variability in the strength of this Ekman flow. Key Points: Gulf Stream variability drives shelf‐ocean exchange mechanisms in the northern South Atlantic Bight (SAB)Transport pulses onto the SAB shelf in a bottom Ekman layer are driven by low frequency variability in Gulf Stream position and/or strengthUpwelling at the SAB shelf edge associated with intense cyclonic frontal eddies between Gulf Stream meander crests can reach 100 m/day [ABSTRACT FROM AUTHOR]