Cord Blood Banking: Private Vs Public Banks: Which is Right For You?

Meta Description: In this blog, we will explain both private and public cord blood banking elaborately. After that we’ll also discuss the option that will be ideal for you.


When it comes to cord blood banking, you will be confronted with two different choices: the private banks and the public banks. Both are quite efficient and work excellently for anyone.

But, which one is the right choice for you?

In this blog, we will explain both private and public cord blood banking elaborately. After that we’ll also discuss the option that will be ideal for you.

So, without making any further ado, let’s get started with the article.

What is Public Banking?

In this type of cord blood banking, you will need to store the accumulated cord blood within a public bank. It usually doesn’t cost you anything, apart from the blood collection charge.

And there is no need to pay anything additional as well. However, the problem is, in this case: the blood will be available to use for almost every person whoever’s in need of it.

You will have no control over it. So, it’s quite possible that the storage you have used to keep the blood might end, even before you can utilize it.

Also, the collection quality of a public bank is also quite bad. So, it’s not really advised to use anything from here, unless someone in your family is currently under a medical emergency.

The technologies used in a public bank also don’t tend to be on the par of a private bank. The blood stored there can sometimes get unusable as well due to this very reason.

What is Private Banking?

Private banking, as the name implies, is a little ‘private.’ In this case, you will be able to store the blood in a storage space, which is and will be used by you and you only. As long as you’re not giving permission, no one else will be able to take or use it

Nonetheless, the cost of storing your cord blood in a private bank is quite high. You’ll need to pay a decent amount of money at the beginning when the blood is being calculated. And once it’s done, you may pay a little more cash depending on the duration of blood storage.

When it comes to storing blood, there are usually three options available for an individual:

  • Five years,
  • Ten years, and
  • Twenty years

In most cases, the twenty years’ option tends to be the most popular, as it’s more plausible and least-expensive on average. However, the pricing situation might depend on the bank you are considering choosing. There might be some offers associated with it as well.

Private Banking Vs. Public Banking: The Differences

At this point, you probably already know about the core differences between public banks and their private counterparts. However, we have still tried to compare between them here so that you can make your decision more clearly and easily.

  • In private cord blood banking, you will have the opportunity to hold the blood without any regard to the duration you are choosing. However, with a private bank, you’ll lose the ownership of the cord blood you have provided to the storage.
  • Because of being made and designed for a specific person, private cord blood banking can be quite expensive. In this case, you can either pay in installments or provide them with all the money at once. Public cord blood banking doesn’t require any money.
  • The blood stored in a private bank can only be used by the owner. However, the blood available in a public bank can be taken by anyone. In some cases, it might also be used in a research program to understand the capabilities of the stem cells.

When you are providing the blood in a public bank, it’ll not be tested for diseases in most of the cases. However, this issue doesn’t pose a threat in the case of a private bank.

The Final Say!

When it comes to choosing between a private bank and a public bank, it all boils down to only one aspect – money. If you have enough cash in your hands, it might be best to go for a private bank. After all, it’s much more secure, and you can use it whenever and however you want.

But, if you have no problems with it being used by someone else or being insecure, the public banks can be your go-to option.