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Private cord blood banking costs $2,000 to $3,000 for the initial fee, and around another $100 per year for storage. While that may seem like a hefty price tag, many expectant parents may see it as an investment in their child's long-term health.rivate cord blood banking costs $2,000 to $3,000 for the initial fee, and around another $100 per year for storage. While that may seem like a hefty price tag, many expectant parents may see it as an investment in their child's long-term health.
Setting Up a Private Blood Bank. 1  1. Find a good family cord blood bank. There are family cord blood banks in countries throughout the world. 2  2. Include the decision in your birth plan. Once you find a private blood bank you want to work with, you should contact them and make arrangements. 3  3. Take the blood out of storage if necessary. Each private blood bank has its own procedures, but when your family needs the cord blood stored at the bank, you should be able to notify the bank and have the blood delivered to your hospital for a transfusion.