Fully mining the differential features of different class samples in overlapping areas is the key and difficult point to improving imbalanced classification performance under complex distribution patterns. Although existing data-level and algorithm-level methods have achieved good results in dealing with overlapping problems, sample generation and classifier training heavily rely on distribution information, and the ability to mine the different information is limited. This paper proposes a dual imbalanced classification framework with feature transfer guided by memory compensation strategy, which enhances the model's ability to mine differential features by constructing a feature space with better inter-class separability. In the traditional classification branch, a feature extraction network maps original samples to feature space and a traditional classifier is used to classify the features. In the compensation classification branch, a feature memory module based on iterative clustering strategy is designed, separately obtaining and saving the correctly classified feature centers of different classes. Moreover, a feature transfer module based on vector combination theory is proposed, combining “push” and “pull” vectors to transfer the misclassified features to the non-overlapping areas corresponding to the same class feature memory module, thereby constructing a feature space with better inter-class separability. Finally, a classification compensation strategy based on feature similarity is designed, integrating the prediction results of the traditional classifier and feature memory module as the final classification results. Experimental results on 50 imbalanced datasets show the proposed method outperforms 28 typical imbalanced classification methods in F1-score and G-mean. Especially on 20 severely overlapping datasets, the performance improvement is more significant.