My quick book balance is way higher than what my bank balance shows.

I'm delighted to see you here in the Community forum, IndustrialTradingGroup

In QuickBooks Online, there are factors that affect the balance of your bank accounts. Among these factors are mainly your downloaded bank transactions.

The QuickBooks balance is affected by all your transactions in the register and the ones you haven't reviewed yet. While the bank balance is solely determined based on the transactions on the register.

Now to fix this and if you want to make sure they're equal, let's consider categorizing and matching your downloaded transactions based on your bank statement. You can do so by following the steps outlined in this article: Categorize and match online bank transactions in QuickBooks Online.

You may also want to check if 

In addition to this, there are other some reasons why balances don't match.

• Outstanding transactions
• New transactions for a connected account
• Duplicate transactions
• Edited or deleted transactions
• Credit card (liability) account

On top of that, I've also included this reference helpful with the resources needed while working with bank feeds and reconciling accounts: How to reconcile your accounts so they always match your bank and credit card statements?

Don't hesitate to post again here if you have other questions or concerns with QuickBooks tasks and navigations. I'm always around happy to help. Take care and stay safe!