Private umbilical cord blood banking costs from $1,400 and $2,300 for collecting, testing, and registering, plus between $95 and $125 per year for the storage fees of the cord blood banking.
These costs will have to come out of your own pocket to store and collect the cord blood and have the cord blood stored at a cord blood bank.
However if the cord blood is a medical necessity that needs storage or cord blood banking them sometimes the health insurance will pay for cord blood banking.
You can sometimes get cord blood banking or have your umbilical cord blood stored for free and collected for free if you go for public umbilical cord blood storage.