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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.
Donors are encouraged to contact a cord blood bank by the 35th week of pregnancy. The procedure for obtaining the cord blood involves clamping the umbilical cord at the time of birth. The small amount of blood remaining in the umbilical cord is drained and taken to a cord blood bank. It is free to donate. Read more about cord blood donation and options for umbilical cord banking and donation on the web site of the U.S. Department of Health and Human Services.