Search thousands of topics on CostHelper BROWSE ALL TOPICS >> babies & children cars consumer electronics health & personal care home & garden personal finance pets schools small business sports weddings CostHelper > Babies & Children > Cord Blood Banking Medium: Signing Up For Private Banking Usually Runs $1, 000-$1, 900 Post According to the AABB [ 1], formerly known as the American Association of Blood Banks, umbilical cord blood is a source of cells similar to those found in bone marrow. The cells can be used for transplants to patients with diseases such as leukemia, anemia and thalassemia. After birth, the cord blood can be collected, processed and stored using cryopreservation for potential future use. There are both private and public cord blood banks. Private cord blood banking means the blood will only be used for the family it came from. Public cord banking means the blood will be made available to anyone who needs it. According tothe American Academy of Pediatrics [ 2], the likelihood that a baby's cord blood will be needed is between 1 in 1, 000 or 2, 700 at best; 1 in 200, 000 at worst.
You should coordinate with the bank before your baby is born so nothing is left to chance.