Generally, private umbilical cord blood banks charge two kinds of fees. The first is the initial payment that ranges from $1,500 to $1,800. This fee is the amount needed for enrolling in the cord blood banking program, the cost incurred by extracting the blood from the umbilical cord, and the first year’s upkeep payment. This upkeep payment is the second kind of fee that cord blood banks charge. The typical upkeep payment for a unit of blood is $75 every year. For this amount, the blood bank will make sure that your baby’s blood is well-preserved and healthy.

If you do not want to bank your baby’s umbilical cord blood, you can buy some if ever you need it. Unfortunately, this will lead you to spending more money than if you had just stored your baby’s umbilical cord blood in a bank. Some public cord blood banks charge $15,000 for a single unit of blood.