how blood banks store blood

Has anyone stored their baby’s umbilical cord in a cord blood bank? How much does it cost?
I was just wondering about cord blood banking. I would appreciate any opinions on it. What it is. Whose done it and how much it costs. I think it sounds great to do.
We have my son’s cord blood stored at ViaCord. I think it was about 2,000 for the initial fee (collection and testing etc). I think we now pay $10 a month for storage.
I was up in the air about whether or not we should do it. I then realized I would rather be safe than sorry. My friend’s cousin passed away last year, he was only 10. The doctor’s said if his cord blood was saved he would have lived….that scared me enough to do it!
My Chemical Romance – Demolition Lovers (Sims 2)