Stem cell banking is a process that involves the collection, processing, and preservation of stem cells for potential future medical use. Stem cells are unique cells with the remarkable ability to develop into various specialized cell types, offering significant potential for regenerative medicine. Umbilical cord blood and tissue, as well as adult tissues, are common sources of stem cells for banking. Umbilical cord blood banking, in particular, involves the collection of blood from the umbilical cord immediately after childbirth, which is rich in hematopoietic stem cells. These cells have therapeutic potential in treating various diseases, including certain cancers and blood disorders. Stem cell banking is often chosen for its promise in personalized medicine and its potential to provide treatments for conditions that may arise later in life. Families opt to bank stem cells as a form of biological insurance, preserving these cells for potential use in medical therapies or treatments for the individual or close family members. The field of stem cell banking represents a proactive approach to healthcare, harnessing the regenerative potential of stem cells for future medical advancements.