HMV will be honouring valid vouchers and gift cards when it reopens next week.
Four HMV branches in Dublin and Limerick are reopening by the end of next week after the company went into administration at the start of the year.
The National Consumer Agency has welcomed the decision by new HMV parent company, Hilco.
"The company is acting honourably and is treating consumers very fairly in accepting vouchers and gift cards issued by the previous owners of HMV," said NSA chief executive Karen O’Leary.
"It is very difficult to get a gift voucher honoured if a store closes down, as a claim has to be registered with the liquidator and any claim will only be considered after all other creditors have been paid, such as banks the shop’s staff.
"It is for this reason that we encourage consumers with gift vouchers for an individual retailer to use them as quickly as possible."