• When cells are collected for a private cord blood bank, the provider who delivers your baby collects them using a kit that the private bank has sent to you before the birth.
• These cells are sent to a private bank where they are frozen and stored.
• These cells are then reserved for your baby or your family.
• Private cord blood banks charge a fee for storing these cells, The cost depends upon the specific bank used; however, there is usually an initial fee for freezing the cells and then an additional yearly fee to keep the cells stored.